Leaders call the deal "fuel to keep building" as investors praise resilience
OneDigital, a major insurance brokerage and financial services firm, announced Thursday a majority investment from Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments) that values the company at more than US$7 billion.
The Atlanta-based company said the transaction will support continued growth through organic expansion and strategic acquisitions. OneDigital owns Canadian wealth management firm PWL Capital, which it acquired to maintain as an independent subsidiary. Stone Point Capital and CPP Investments acquired their stake from existing shareholders, including Onex Partners, which will remain a significant minority owner.
The deal marks OneDigital’s fourth equity recapitalization in its 25-year history. The firm operates across five core verticals: employee benefits and HR, retirement and wealth management, property and casualty, private employer organization services, and Medicare Advantage.
“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,” said Adam Bruckman, president and CEO of OneDigital. “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.”
Bruckman praised Onex Partners’ role in expanding the platform over the past five years since their 2020 investment. The company provides integrated insurance, financial services, and workforce consulting solutions to businesses and individuals.
Stone Point Capital’s managing director Jarryd Levine highlighted the founder-led leadership team’s track record. “OneDigital represents an opportunity to partner with a founder-led leadership team whose multi-decade track record of growth and innovation speaks for itself,” Levine 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.”
CPP Investments managing director Sam Blaichman emphasized the company’s client focus and business resilience. “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,” Blaichman said.
Onex Partners managing director Adam Cobourn expressed continued confidence in the investment. “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,” Cobourn said.
The transaction involves multiple financial advisors. Evercore served as lead financial advisor to OneDigital, with Ardea Partners and Barclays providing additional advisory services. Kirkland & Ellis provided legal counsel to the company. J.P. Morgan Securities LLC and RBC Capital Markets advised Stone Point, while Simpson Thacher & Bartlett LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP provided legal and debt financing counsel, respectively.
OneDigital serves more than 100,000 employers and millions of individuals through its teams across major markets. The transaction is expected to close in the fourth quarter of 2025, subject to regulatory approvals.
