OneDigital’s $7B Recapitalization Supports Growth Across Insurance Services

OneDigital, a U.S.-based insurance brokerage and financial services firm, has undergone its fourth equity recapitalization with the Canada Pension Plan Investment Board (CPP Investments) and Stone Point Capital acquiring a majority stake. The transaction values OneDigital at over $7 billion and reflects confidence in the company’s founder-led leadership and diversified services across employee benefits, retirement and wealth management, property and casualty insurance, PEO, and Medicare Advantage. The recapitalization supports OneDigital's strategy of growth through organic expansion and strategic acquisitions. Onex Partners, the existing significant minority shareholder, will continue to hold a substantial stake while receiving approximately $1.1 billion from the transaction proceedings alongside Onex Corporation receiving about $235 million. Onex Partners, focused on control equity investments in North America and Europe, brings extensive experience with over $21 billion invested across six funds and 570 add-on acquisitions, positioning OneDigital for sustained growth and innovation in key insurance and financial services sectors.