Aon Hewitt Sale of Benefits Processing Business
Aon Hewitt has reached an agreement this week to sell part of their business to private equity firm Blackstone Group LP. This includes the unit responsible for processing various medical and retirement benefits for other companies, one of whom is State Farm. We anticipate no interruption to the processing of State Farm benefits through the transition.
Transactions of this type take time and there are no details at this early stage. More information will be shared as it becomes available.