Aon Corp.’s risk-management unit is acquiring Allied North America, the Jericho, N.Y.-based broker that specializes in construction. After the deal is closed, Aon will place Allied’s chairman, Bill Marino, in the dual role of president of Aon’s global construction business and vice chairman of Aon Construction Services Group. “Through the increased brokering capability provided by Allied North America, we are enhancing our global construction powerhouse as well as our abilities to better serve our clients and grow our business around the world,” says Gregory C. Case, Aon Corp.’s CEO. Steve McGill, CEO of Aon Risk Services, says the deal “reinforces”
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.