Stone Point, CPP invest in brokerage OneDigital

New private equity investors have purchased a majority stake in OneDigital, valuing the Atlanta-based brokerage at over $7 billion, the company announced Friday.

Funds managed by Stone Point Capital and Canada Pension Plan Investment Board bought shares from existing owners, including Onex Partners, which will remain a minority owner, OneDigital said.

OneDigital is the 17th-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking, with $1.7 billion in 2024 brokerage revenue.

Employee benefits business accounts for about 47% of its revenue and commercial retail 30%.

Stone Point is also an investor in Alliant Insurance Services, CRC Group and Higginbotham.

Onex invested in OneDigital in 2020.