The Financial Conduct Authority (FCA) has approved Aon's purchase of Portus Consulting, a highly-regarded, independent UK-based employee benefits firm. Portus has a leading position in the UK professional services market, particularly the legal sector and among SMEs with 50 to 750 employees.
The acquisition of Portus supports Aon's ambitions to grow its UK employee benefits business both organically and through acquisition. It will join Aon Employee Benefits, which provides consultancy, broking services and technology to 2,500 large and SME corporate clients, covering over 1 million lives in the UK.
David Battle, CEO of Aon Employee Benefits, UK, said:
"This is another step in our drive to continue to grow the business, both organically and through acquisition. Over the coming months, we will be working with Dave Middleton, Portus' CEO, and the rest of the team to make sure that we bring the best of both organisations to clients."
Dave Middleton, CEO of Portus, added:
"Both the Aon and Portus leadership teams recognise the strong cultural fit between our two companies and joining Aon enhances the services we can offer our clients and provides further development opportunities for our people."
Aon UK Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN.