Onex Partners announced that OneDigital, an insurance brokerage, financial services and workforce consulting firm, has closed on a majority investment from funds managed by Stone Point Capital and Canada Pension Plan Investment Board (CPP Investments). Stone Point Capital and CPP Investments made this investment through the acquisition of a stake from existing shareholders, including Onex Partners, which will remain a significant minority owner.
As previously announced on September 19, 2025, the transaction values OneDigital in excess of US $7 billion and will support the company’s continued growth through a combination of organic expansion and strategic acquisitions. It is OneDigital’s fourth equity recapitalization underscoring long-term confidence in its founder-led leadership, differentiated operating model, and sustained trajectory of innovation and growth across five core verticals: employee benefits and HR, retirement & wealth management, property & casualty, PEO, and Medicare Advantage.
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Total proceeds from the transaction to Onex Partners V (including co-investors) and Onex Corporation are approximately $1.1 billion and $235 million, respectively.
Onex Partners is Onex’ upper middle market buyout strategy focused on control equity investments in North America and Europe in specific industry verticals in which it enjoys longstanding networks and informational advantages. Onex Partners has invested over $21 billion across six funds and, to date, has acquired over 50 operating company platforms and completed more than 570 add-on acquisitions, while offering approximately $7 billion of co-investment capital across 23 co-investment opportunities since inception.
Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $57.2 billion in assets under management, of which $8.5 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex. Onex’ security filings can also be accessed at www.sedarplus.ca.
OneDigital’s team of fierce advocates helps businesses and individuals achieve their aspirations of health, success and financial security. Our insurance, financial services and HR platform provides personalized, tech-enabled solutions for a contemporary work-life experience. Nationally recognized for our culture of caring, OneDigital’s teams enable employers and individuals to do their best work and live their best lives. More than 100,000 employers and millions of individuals rely on our teams for counsel and access to fully integrated worksite products and services and the retirement and wealth management advice provided through OneDigital Investment Advisors. Founded in 2000 and headquartered in Atlanta, OneDigital maintains offices in most major markets across the nation.
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