OneDigital, an insurance brokerage, financial services and workforce consulting firm, secured a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments). The transaction values OneDigital in excess of $7 billion and will support the company’s continued growth through a combination of expansion and acquisitions. Stone Point Capital and CPP Investments will make this investment through the acquisition of a stake from existing shareholders including Onex Partners, which will remain a significant minority owner.
“This commitment from Stone Point Capital and CPP Investments represents two high-quality investors aligning behind a single platform that integrates across a multitude of verticals,” Adam Bruckman, president and CEO of OneDigital, said. “This partnership gives us the fuel to keep building, investing in both people and technology, while sharpening our capabilities and showing up even stronger for our clients. Over the past five years with Onex, we’ve meaningfully expanded our platform and are grateful for their continued investment.”
“OneDigital represents an opportunity to partner with a founder-led leadership team whose multi-decade track record of growth and innovation speaks for itself,” Jarryd Levine, managing director at Stone Point Capital, said. “We are enthusiastic about OneDigital’s growth potential and look forward to collaborating with the team as we enter the next phase of value creation.”
“OneDigital’s strong culture and differentiated focus on its clients has helped create a resilient business that delivers essential advice and solutions for businesses and individuals,” Sam Blaichman, managing director, head of direct private equity at CPP Investments, said. “In this new investment alongside our valued partners at Stone Point Capital, we look forward to working with management and Onex, a long-standing shareholder, to support OneDigital in its continued expansion and impact to deliver value to the CPP Fund.”
Onex Partners will remain a significant investor in OneDigital, having first invested in 2020.
“We are as excited about OneDigital today as we were five years ago, and we look forward to supporting this team as they continue to grow and deliver value to their clients,” Adam Cobourn, managing director at Onex Partners, said. “This is a terrific outcome for our investors and OneDigital’s employee shareholders, with much to look forward to.”
Evercore acted as lead financial advisor to OneDigital. Ardea Partners and Barclays also served as financial advisors, and Kirkland & Ellis provided legal counsel to the company. J.P. Morgan Securities and RBC Capital Markets acted as financial advisors to Stone Point. Simpson Thacher & Bartlett provided legal counsel and Paul, Weiss, Rifkind, Wharton & Garrison provided debt financing counsel to Stone Point. The transaction is expected to close in Q4/25, subject to regulatory approvals.
