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Beach Replenishment Projects Coming to Delaware


The costs of the project will be shared by the federal government and the state of Delaware, and has been a priority of the Congressional delegation because it will help protect the homes, businesses and economy on coastal Delaware. These beaches and dunes ...


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Reuters) - Insurance broker Aon Plc said on Friday it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. Aon has been tweaking its portfolio this yearIn May it closed a deal to sell its benefits administration and HR outsourcing to private equity firm Blackstone Group for $4.8 billion. Headquartered in London, Aon is a risk management, insurance and reinsurance brokerage, and also provides human resources solutions and outsourcing services to companies in more than 120 countries. The Townsend deal will boost Aon's outsourced chief investment officer services by adding more real estate investmentsThe company's investment arm has more than $100 billion of assets under management. Townsend's chief executive, Terry Ahern, will continue to lead real estate and real asset investment services, Aon said. Reuters reported the deal earlier on Friday. NorthStar Asset Management took a majority stake in the Townsend Group from private equity firm GTCR LLC in 2015 for $380 millionNorthStar Asset Management earlier this year was part of a three-way merger with NorthStar Realty Finance Corp and private equity firm Colony Capital Inc. Morgan Stanley was the financial adviser for the Aon deal, Colony NorthStar said. (Reporting by Greg Roumeliotis in New York; additional reporting by Liana BBaker in New York; Editing by Steve Orlofsky and Sriraj Kalluvila) More: Reuters Company News facebook linkedin twitter email print --> window._taboola = window._taboola || []; _taboola.push({mode:'thumbs-1r', container:'taboola-below-main-column', placement:'below-main-column'}); Recommended For You Powered by Sailthru UPDATE 1-Aon to buy real estate investment firm Townsend from Colony NorthStar UPDATE 1-Aon to buy real estate investment firm Townsend from Colony NorthStar (Changes source)By Greg RoumeliotisNEW YORK... Recommended For You (function() { 'use strict'; // Notify the DFP code that a new ad has just been rendered amplify.publish('adRender'); }()); Disclaimer window._taboola = window._taboola || []; _taboola.push({mode: 'organic-thumbnails-e', container: 'taboola-right-rail-thumbnails', placement: 'Right Rail Thumbnails', target_type: 'video'}); (function() { 'use strict'; // Notify the DFP code that a new ad has just been rendered amplify.publish('); }()); window._taboola = window._taboola || []; _taboola.push({mode: 'ab_thumbnails-a_2x1', container: 'taboola-right-rail-thumbnails-2', placement: 'Right Rail Thumbnails 2nd', target_type: 'video'}); BI.dianomi.setConfigKey(true); BI.dianomi.init('US'); Featured This is why you should be buying gold More "The Bottom Line" » Martha Stewart will never stop reinventing herself — here's how she went from a stockbroker to hosting a cooking show with Snoop Dogg More "Stay Hungry" » (function() { 'use strict'; // Notify the DFP code that a new ad has just been rendered amplify.publish('adRender'); }()); Reuters Emails & Alerts Get the best of Business Insider delivered to your inbox every day. Sign-Up Get the Slide Deck from Henry Blodget's IGNITION Presentation on the Future of Media amplify.publish('editorial-sidebar-loaded', 'editorial2'); Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » (function() { 'use strict'; // Notify the DFP code that a new ad has just been rendered amplify.publish('); }());

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