CPP Investments | Investissements RPC and Stone Point Capital has acquired OneDigital for an undisclosed amount. The transaction sees the prominent investment firms taking ownership of OneDigital, a leading provider of insurance, financial services, and human resources solutions. This acquisition underscores a strategic move in the rapidly evolving landscape of integrated benefits and wealth management.
OneDigital, founded in 2000 and headquartered in Atlanta with offices nationwide, has established itself as a fierce advocate for businesses and individuals. Its platform delivers personalized, tech-enabled solutions aimed at achieving health, success, and financial security. The company serves over 100,000 employers and millions of individuals, offering comprehensive counsel and access to fully integrated worksite products and services, alongside retirement and wealth management advice through OneDigital Investment Advisors. It is nationally recognized for its culture of caring, including being named a Glassdoor Employees’ Choice Award for Best Places to Work in 2023.
This acquisition represents a significant strategic alignment, providing OneDigital with robust backing from CPP Investments | Investissements RPC and Stone Point Capital. For the acquiring entities, the purchase of OneDigital strengthens their portfolios within the growing insurance, financial services, and HR technology sectors. It allows them to capitalize on OneDigital’s established market presence and its innovative approach to client solutions. This is an outright purchase of the company, transferring ownership to the acquiring firms.
The expected synergies from this acquisition include enhanced capabilities for OneDigital through increased investment and strategic guidance. This should enable further expansion of its tech-enabled solutions, broadening its reach and deepening its service offerings to a wider client base. The combined entity is poised to continue empowering businesses and individuals, leveraging OneDigital's proven platform to drive sustained growth and impactful solutions in the contemporary work-life experience.