06:13 AM EDT, 09/03/2025 (MT Newswires) -- Aon (AON) is close to selling its NFP wealth business to private equity firm Madison Dearborn for about $2.7 billion, the Financial Times reported Wednesday, citing unnamed people briefed on the matter.

The company's decision comes just over a year after it acquired NFP, an insurance brokerage and wealth management firm, from Madison Dearborn for $13 billion. Aon plans to keep its legacy wealth consulting division, the report said.

The deal, which could be announced this week, will enable Aon to finance new investments in artificial intelligence as well as strengthen its core insurance, human resources advisory, and health brokerage businesses, FT reported.

Madison Dearborn is expected to fund the potential deal with about $1.5 billion in equity and a further $1 billion plus in debt, according to the report.

Aon and Madison Dearborn didn't immediately reply to MT Newswires' request for comment.

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