The Segal Company has acquired Aon Consulting’s multiemployer defined benefit plan (DB) and related consulting business in the U.S. for an undisclosed amount, as reported in Global Pensions.

The acquisition covers about 60 DB plans across a range of industries throughout the U.S. Aon employees will join Segal to help manage new clients, along with senior vice-president and senior consultant Samuel Stanley and associate actuary Paul Duling.

“This transaction demonstrates our ongoing dedication to multiemployer plans, their labour and management sponsors and to the millions of people covered in these plans,” says David Blumenstein, senior vice-president and national director of multiemployer consulting, with Segal.