OneDigital Welcomes Strategic Investment from Stone Point Capital and CPP Investments

Executive Summary

• OneDigital, an insurance brokerage and financial services firm, announced a majority strategic investment from Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments).
• The transaction values OneDigital at over US $7 billion and involves the acquisition of a stake from existing shareholders, including Onex Partners, which will retain a significant minority ownership position.
• The investment is intended to fuel the company's next phase of growth through organic expansion and strategic acquisitions across its five core verticals.

Key Details

• Transaction Value: The transaction values OneDigital in excess of US $7 billion.
• Investors: Majority investment from funds managed by Stone Point Capital and CPP Investments.
• Seller/Existing Shareholder: Stake acquired from existing shareholders, specifically noting Onex Partners, which remains a significant minority owner.
• Strategic Purpose: Capital will support continued growth via organic expansion and strategic acquisitions.
• Company Verticals: The investment supports growth across five core areas: employee benefits and HR, retirement & wealth management, property & casualty, PEO, and Medicare Advantage.
• Advisors:
  • OneDigital: Evercore (Lead Financial Advisor), Ardea Partners, and Barclays (Financial Advisors); Kirkland & Ellis (Legal Counsel).
  • Stone Point Capital: J.P. Morgan Securities LLC and RBC Capital Markets (Financial Advisors); Simpson Thacher & Bartlett LLP (Legal Counsel); Paul, Weiss, Rifkind, Wharton & Garrison LLP (Debt Financing Counsel).
• Closing Timeline: Expected to close in the fourth quarter of 2025, subject to regulatory approvals.

Notable Quotes

• Adam Bruckman, President and CEO of OneDigital: "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... 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."
• Jarryd Levine, Managing Director at Stone Point Capital: "OneDigital represents an opportunity to partner with a founder-led leadership team whose multi-decade track record of growth and innovation speaks for itself... 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."
• Sam Blaichman, Managing Director, Head of Direct Private Equity, CPP Investments: "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... 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."
• Adam Cobourn, Managing Director at Onex Partners: "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... This is a terrific outcome for our investors and OneDigital's employee shareholders, with much to look forward to."