AIG Completes Acquisitions of Strategic Minority Stakes in Convex Group and Onex Corporation

Onex Completes Acquisition of Convex Group in Partnership With AIG

February 6, 2026

Insurance

Onex completed its previously announced $7 billion acquisition of Convex Group Limited, establishing a new ownership structure in which Onex holds about 63% of Convex. American International Group (AIG) simultaneously acquired a minority 35% stake in Convex and took a 9.9% ownership position in Onex, alongside starting a whole-account quota share participation in Convex underwriting from Jan. 1, 2026.

Onex Completes Acquisition of Convex Group and Strategic Investment by AIG

February 6, 2026

Insurance

Onex completed its acquisition of Convex Group and related ownership changes, which received regulatory approval as part of the transaction process. AIG also completed acquisitions of strategic minority ownership stakes alongside the Convex transaction.

Advisor Group Acquires Infinex Financial Holdings

May 19, 2022

Financial Services

Advisor Group has signed a definitive agreement to acquire Infinex Financial Holdings, the holding company of a broker-dealer that supports banks, credit unions and institution-based advisors. Infinex, headquartered in Meriden, Connecticut, oversees roughly $30 billion in client assets and more than 750 financial professionals; the deal expands Advisor Group's presence in the financial institution channel and is subject to FINRA and other regulatory approvals.

Onex Partners V Makes Equity Investment in Wealth Enhancement Group

October 1, 2021

Financial Services

Onex Partners V, together with certain co-investors including Onex Corporation, completed an equity investment in Wealth Enhancement Group (WEG), joining existing investor TA Associates as equal capital partners. The transaction (Onex's share ~US$250 million) will support WEG's next stage of organic growth and M&A expansion while the firm remains privately held under its existing management team.

Onex Acquires Majority Stake in OneDigital from New Mountain Capital

October 8, 2020

Insurance

Onex Corporation (the Onex Group) agreed to acquire a majority ownership stake in OneDigital from New Mountain Capital, with the transaction valuing OneDigital at $2.65 billion and including an approximate $960 million equity investment by Onex. OneDigital, a leading U.S. employee benefits brokerage and retirement/wealth advisory firm headquartered in Atlanta with more than 2,000 employees, will have Onex and employees owning roughly 83% upon closing; New Mountain will sell down its position. The deal is expected to close in late 2020 pending customary approvals, including HSR clearance.

Onex Makes Growth Investment in Ryan Specialty Group

June 4, 2018

Insurance

Onex Corporation acquired a minority equity stake in Ryan Specialty Group through a $150 million preferred equity and $25 million common equity investment to support RSG's growth and M&A strategy. The capital injection establishes a long-term strategic relationship between Onex and Ryan Specialty Group while leaving RSG management (Pat Ryan) in place.