Aon (AON) is nearing an agreement to acquire insurance brokerage USI Insurance from private-equity firm KKR (KKR) for roughly $17 billion, including debt, The Wall Street Journal reported Sunday, citing unnamed people familiar with the matter.

The report said the deal could be announced as soon as Monday, assuming negotiations are completed.

The acquisition would expand Aon's capabilities in serving midsize businesses and is expected to be accretive to earnings per share as soon as 2028, a person familiar with the matter told The Wall Street Journal.

Aon, KKR did not immediately respond to MT Newswires' request for comment.

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