OneDigital, a US-based insurance brokerage, financial services and workforce consulting firm, has secured a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments).
The transaction values OneDigital at over US$7 billion and is intended to support continued expansion through both organic growth and strategic acquisitions. Existing shareholders, including Onex Partners, will retain a significant minority stake.
OneDigital provides integrated solutions across five verticals: employee benefits and HR, retirement and wealth management, property and casualty, PEO, and Medicare Advantage.This marks the firm's fourth equity recapitalization, reflecting sustained confidence in its founder-led leadership, operating model and growth trajectory.
Leadership and investor perspectives
Adam Bruckman, president and CEO of OneDigital, said the investment enables the firm to invest in both people and technology while expanding its capabilities for clients.
Meanwhile, Stone Point Capital emphasized OneDigital’s multi-decade track record of growth and innovation, highlighting the firm’s potential for further value creation. CPP Investments also cited OneDigital’s strong culture and client focus as key factors in its resilience and long-term viability.
According to a statement, Onex Partners, a shareholder since 2020, will remain invested and expressed continued support for the firm’s expansion.
The investment also underscored ongoing consolidation and capital inflows in the US insurance brokerage and consulting sector. OneDigital's access to private equity and pension fund backing positions the firm to scale its operations, pursue acquisition and enhance technology-driven solutions.
Transaction details
Evercore acted as lead financial advisor to OneDigital, with Ardea Partners and Barclays also serving as advisors.
Meanwhile, legal counsel was provided by Kirkland & Ellis. J.P. Morgan Securities LLC and RBC Capital Markets advised Stone Point, with legal counsel from Simpson Thacher & Bartlett LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP.
The deal is expected to close in the fourth quarter of 2025, pending regulatory approvals.
