Blackstone’s Alight Eyes Cloud Takeovers After $4.8 Billion Deal

June 12, 2017, 4:00 AM UTC

The benefits business that Blackstone Group LP acquired from Aon Plc last month is looking for takeover opportunities to expand in cloud services and data capabilities.

Chris Michalak, chief executive officer of the unit, said he’s also seeking deals that could help advise clients on health care, wealth and retirement planning. The Chicago-based business announced on June 6 that its new name is “Alight.”

“There’s lots of change in the industry with consolidation that’s been happening,” Michalak said in a phone interview. “We see a massive amount of growth opportunity in our cloud deployment and cloud services business.”

New York-based ...

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