Global Risk Consultants Corp. (GRC) has acquired the US Field Services business of Aon's Property Risk Control Practice. GRC is a property risk engineering firm and a subsidiary of TÜV SÜD.
The acquisition adds 20 US-based engineers to GRC's operations. The engineers specialize in pre-loss property risk assessments.
Greg Bates (pictured above), president and CEO of Global Risk Consultants, said the acquisition strengthens the company's position as an independent provider of property risk engineering.
"We're thrilled to welcome the Aon U.S. Field Services team and their clients to Global Risk Consultants," Bates said.
Bates added that the acquired team brings long-standing client relationships to GRC. "We're excited about the opportunities ahead and will continue to evaluate future investments that expand our capabilities and deepen the value we provide," he said.
The deal increases GRC's engineering capacity and scheduling flexibility as the company looks to support a growing client base. The Aon team's work in property risk assessments aligns with GRC's focus on helping organizations identify and mitigate risk.
Jan DeLeon, CEO of TÜV SÜD Americas, said the acquisition strengthens the parent company's technical capabilities in property risk and loss prevention. "The move also reinforces our role as a trusted partner in enabling safety, reliability, and sustainable growth," DeLeon said.
Financial terms of the transaction were not disclosed.
The deal comes as insurers continue to demand granular risk data despite easing property and casualty rates. According to Alera Group's P&C leader Justin Foa, today's market softening is highly uneven, with some property risks seeing capacity and rate relief while accounts with recent losses or catastrophe exposures remain challenged.
The Swiss Re Institute's US P&C outlook for 2025-2026 projects direct premiums written to grow by 5% in 2025, decelerating to 4% in 2026.
