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Stock impact report

Investor group led by Riverside to acquire The Townsend Group from Aon

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: GlobeNewswire
CLEVELAND, April 29, 2024 (GLOBE NEWSWIRE) -- The Riverside Company announced that its affiliate has signed a definitive agreement to acquire The Townsend Group (“Townsend”) from Aon plc (NYSE: AON) a leading global professional services firm. Townsend is a leading provider of global real estate and real asset investment advisory services and offers complementary investment management, advisory and capital solutions via primary funds, secondaries, co-investments and direct investments. Townsend is a leading adviser to global public and private pension plans, insurers, sovereign wealth funds, endowments and foundations. The firm has a global footprint with more than 110 employees located in Cleveland, London, Hong Kong and San Francisco and advises clients with real assets in excess of $218 billion (USD). The transaction represents a successful outcome for all stakeholders as part of Aon’s portfolio management strategy. Townsend’s prior history as a standalone business will help to Show less Read more
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