Deal Details
Sale of Aon Hewitt Absence Management administration business to Reed Group
Summary
Baird served as exclusive financial advisor to Aon Corporation on this transaction.
About
Reed Group, Ltd. (“Reed Group”), a wholly owned subsidiary of The Guardian Life Insurance Company of America (“Guardian”), recently acquired the Absence Management administration business of Aon Hewitt (“Aon Hewitt”), the global talent, retirement and health solutions business of Aon plc (“Aon”) (NYSE: AON).The acquired absence management business of Aon Hewitt provides comprehensive solutions to employee absence-related challenges. The business provides services that include program design, claims management, compliance and analytics and program management. Its industry-leading technology platform supports a proactive management process and delivers measurable savings for customers. The business has employees across the United States, Canada and India and is headquartered in Lincolnshire, Illinois.
Reed Group is the recognized leader in helping organizations reduce the cost, compliance risk and complexity of employee absence. Reed Group’s products and services address FMLA, ADA, state and other leave laws, workers' compensation and short- and long-term disability programs. With the acquisition of Aon Hewitt’s Absence Management administration business, Reed Group expands its portfolio of services with new technologies and additional service delivery operations. Reed Group will serve its 3,000 customers with nearly 2,000 employees across multi-sites and global operations in both Canada and India. The Company is headquartered in Westminster, Colorado.
For additional information about this transaction, please contact:
- Date
- December 2015
- Company
- Aon Hewitt
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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