Stone Point Capital and CPP Investments acquire majority stake in OneDigital

ATLANTA - Insurance brokerage and financial services firm OneDigital announced Friday it has secured a majority investment from Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments) in a transaction valuing the company at over $7 billion. The deal comes at a time when Onex Corporation (ONEX), which will remain a significant stakeholder, trades near its 52-week high of $91.63, reflecting strong market confidence. According to InvestingPro data, Onex maintains an impressive "GREAT" financial health score of 3.28.

The investment will be made through the acquisition of a stake from existing shareholders, including Onex Partners, which will remain a significant minority owner in the Atlanta-based firm. The deal is expected to close in the fourth quarter of 2025, subject to regulatory approvals. Onex’s strong financial position is evident in its exceptional liquidity ratio of 5.45 and robust gross profit margin of 80%. For deeper insights into Onex’s financial metrics and additional ProTips, visit InvestingPro, where comprehensive research reports are available.

OneDigital, which is celebrating its 25th anniversary, provides integrated insurance, financial and workforce solutions across five verticals: employee benefits and HR, retirement and wealth management, property and casualty, PEO, and Medicare Advantage. The deal reflects positively on Onex’s investment strategy, which has delivered a strong one-year total return of 31.84% for shareholders.

"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.

Jarryd Levine, Managing Director at Stone Point Capital, noted the firm’s enthusiasm about partnering with OneDigital’s founder-led leadership team, citing their "multi-decade track record of growth and innovation."

This marks OneDigital’s fourth equity recapitalization. Onex Partners, which first invested in OneDigital in 2020, will maintain a significant stake in the company.

Evercore acted as lead financial advisor to OneDigital, with Ardea Partners and Barclays also serving as financial advisors. J.P. Morgan Securities LLC and RBC Capital Markets advised Stone Point Capital.

The information in this article is based on a press release statement from OneDigital.

In other recent news, Onex Corporation has reported strong financial results for Q2 2025, highlighting significant growth in its asset management and credit platforms. The company’s investing capital per share returned 4% for the quarter, contributing to a 7% return for the first half of the year. Onex also emphasized its strategic share repurchases and robust liquidity position during its earnings call. Additionally, Onex Partners Opportunities Fund has agreed to acquire Integrated Specialty Coverages (ISC), a tech-enabled insurance platform, from KKR. This acquisition is being made in collaboration with PSP Investments, Ardian, and other institutional equity partners. ISC’s management team and employees will retain substantial ownership stakes following the transaction. These developments indicate Onex’s active engagement in strategic investments and asset growth.

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