Briefing: What do Aon, Gallagher and Marsh really pay for acquisitions?

Saxon East

Marsh, Aon, Willis appear to pay high multiples for their acquistions targets in the UK. But what is really going on?

On the face of it, the megabrokers can pay big money for their primary acquisition targets. But exactly how much do deals actually cost them over the long term and what are the risks involved? Looking back at some previous acquisitions give us an idea.

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