The Riverside Company, Bluerock Real Estate, LLC, MLC Private Equity and Ten Capital Management have signed a definitive agreement to acquire Townsend Holdings LLC from Aon plc (NYSE:AON) on April 29, 2024. Anthony Frammartino, president of Townsend will be named chairman and Chief executive Officer of the firm upon the closing of the transaction. Transaction is subject to final regulatory approvals.

Moelis & Company LLC served as financial advisor and Melanie Harmon, Jon Davis, Scott Moehrke, John Reinert, Jared Whalen, Joanna Schlingbaum, Meg Dewar, and Lisa Cawley of Kirkland & Ellis served as legal advisor to Aon. Berkshire Global Advisors L.P. served as financial advisor and Jones Day served as legal advisor to Riverside. Ten Capital Management, which also acted as an advisor to Riverside in the transaction.

Dechert LLP served as legal advisor to Bluerock. Moelis & Company LLC served as financial advisor and Kirkland & Ellis served as legal advisor to Aon.