Aon Corporation (NYSE: AOC) of Chicago, Illinois has completed the sale of the Canadian business of its insurance premium finance subsidiary Cananwill, Inc. to Macquarie Group (ASX: MQG) of Sydney, Australia. Terms of the transaction were not disclosed.
Colonnade Securities LLC served as exclusive financial advisor to Aon Corporation and Cananwill on the transaction.
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 26 countries and employs approximately 12,700 people. More information about the company is available at www.macquarie.com.