OneDigital, a leading insurance brokerage, financial services, and workforce consulting firm, announced that it has received a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments). The deal values the company at more than US $7 billion and is set to drive OneDigital’s next phase of growth through both organic expansion and targeted acquisitions. The investment will be executed through the purchase of shares from current stakeholders, including Onex Partners, which will maintain a meaningful minority position in the company.

Now celebrating its 25th anniversary, OneDigital has built a reputation for delivering comprehensive insurance, financial, and workforce solutions that empower clients to achieve long-term success. This transaction represents the firm’s fourth equity recapitalization, underscoring investor confidence in its founder-led leadership team, innovative operating model, and consistent trajectory of growth across its five core business areas: employee benefits and HR, retirement and wealth management, property and casualty, professional employer organization (PEO), and Medicare Advantage.

Adam Bruckman, President and CEO of OneDigital, described the deal as a pivotal step for the company. “The backing of Stone Point Capital and CPP Investments brings together two world-class investors behind a unified platform that spans multiple verticals. This partnership gives us the resources to continue investing in people, technology, and enhanced capabilities, while deepening the value we bring to our clients. We are also grateful for the continued support of Onex, which has been instrumental in our growth over the past five years.”

Stone Point Capital’s Jarryd Levine, Managing Director, highlighted OneDigital’s strong foundation: “Partnering with a founder-led business that has consistently demonstrated innovation and growth is an exciting opportunity. We see tremendous potential in OneDigital and look forward to working with the team to unlock further value.”

Sam Blaichman, Managing Director and Head of Direct Private Equity at CPP Investments, emphasized the firm’s commitment: “OneDigital’s strong culture, client focus, and track record of resilience make it a standout partner. Together with Stone Point and Onex, we are confident in supporting the company’s continued growth and long-term value creation.”

Onex Partners, which first invested in OneDigital in 2020, will remain actively engaged. “We continue to believe deeply in OneDigital’s vision and success,” said Adam Cobourn, Managing Director at Onex Partners. “This outcome reflects the strength of the business and provides a strong foundation for its next chapter.”

Depending on regulatory approvals, the deal is anticipated to completion in the fourth quarter of 2025. Evercore acted as lead financial advisor to OneDigital, supported by Ardea Partners and Barclays, with Kirkland & Ellis providing legal counsel. Stone Point was advised by J.P. Morgan Securities LLC and RBC Capital Markets, with Simpson Thacher & Bartlett LLP serving as legal counsel and Paul, Weiss, Rifkind, Wharton & Garrison LLP providing debt financing counsel.