Stone Point Capital and CPP Investments Buy Majority Stake in OneDigital

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.

OneDigital Acquires Retirement Services Division of BayBridge Capital Group

March 24, 2025

Financial Services

OneDigital Investment Advisors LLC has acquired the Retirement Services Division of BayBridge Capital Group in Pleasanton, California. The deal expands OneDigital's financial services and retirement capabilities in the San Francisco Bay Area while the remaining BayBridge wealth-management business will continue to operate under the BayBridge name.

OneDigital Acquires Impact Benefits & Retirement and Strategic Employee Benefit Services of Oregon

May 26, 2021

Insurance

OneDigital has acquired Portland-based Impact Benefits & Retirement and Strategic Employee Benefit Services of Oregon to expand its Pacific-region presence. The acquisitions broaden OneDigital’s employee benefits, retirement/wealth and HR advisory capabilities and bring the two offices into OneDigital’s Pacific team under shared oversight.

Stone Point Capital Makes Growth Investment in ClearPoint Health

January 8, 2024

Healthcare Services

Stone Point Capital has announced a strategic growth investment in ClearPoint Health, a Columbia, South Carolina-based medical stop-loss captive platform that helps small and mid-sized employers and benefit advisors implement transparent, affordable employee health benefit programs. The capital will be used to accelerate ClearPoint's national expansion, scale its captive platform and deepen its advisor-first, clinically integrated stop-loss and benefits solutions.

OneDigital Acquires Your Benefits Partner, LLC

March 24, 2021

Insurance

OneDigital has acquired Your Benefits Partner, LLC, a Glen Allen/Richmond, Virginia-based employee benefits and HR consulting firm, to expand its capabilities and scale across the Mid-Atlantic region. The Your Benefits Partner team will integrate with OneDigital’s Richmond office and founder Debbie Stocks will join OneDigital as Principal, Senior Client Executive, giving clients access to OneDigital’s broader benefits, HR consulting, technology and retirement/wealth solutions.

Stone Point Capital Acquires Majority Stake in Beeline

May 3, 2022

Cloud & SaaS

Funds managed by Stone Point Capital have made a majority investment in Beeline, the Jacksonville-based provider of cloud solutions for sourcing and managing the extended workforce. Existing investor New Mountain Capital will remain a minority investor; the capital injection is intended to accelerate Beeline's platform innovation, AI capabilities and market expansion.