- Aon is close to acquiring USI Insurance Services from KKR in a transaction valued at roughly $17 billion including debt, according to The Wall Street Journal.
- KKR made a roughly $9 billion offer for UGI at $42.50 per share, a 21% premium to UGI’s August 17 close, according to The Wall Street Journal report cited by Yahoo Finance.
- The UGI proposal remains unconfirmed, with no signed agreement, while the investment case centers on rising demand for reliable power from AI data centers.
Quotes
“KKR is betting that AI's power demand turns a sleepy regional utility into a growth asset.”