M&A Deal Summary |
|
|---|---|
| Date | 2025-09-19 |
| Target | OneDigital |
| Sector | Insurance |
| Buyer(s) |
Stone Point Capital
CPP Investments Onex Partners |
| Sellers(s) |
New Mountain Capital
Onex Partners |
| Deal Type | Recapitalization |
| Advisor(s) | Evercore Group Ardea Partners Barclays Investment Bank (Financial) Kirkland & Ellis (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 120 of 120 |
| Sector: Insurance M&A | 34 of 34 |
| Type: Recapitalization M&A Deals | 7 of 7 |
| State: Georgia M&A | 8 of 8 |
| Country: United States M&A | 108 of 108 |
| Year: 2025 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-01 |
The Difference Card
Mount Kisco, New York, United States The Difference Card is a provider of healthcare cost containment and wellness programs for small and mid-sized employers. EBS is best known for its primary product, the Difference Card, an employer-funded debit card programmed for reimbursement of approved out-of-pocket employee healthcare expenditures. The Difference Card was established in 2001 and is based in Mount Kisco, New York. |
Buy | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 56 |
| Sector: Insurance M&A | 3 of 3 |
| Type: Recapitalization M&A Deals | 2 of 2 |
| State: Georgia M&A | 1 of 1 |
| Country: United States M&A | 29 of 29 |
| Year: 2025 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-28 |
NEOGOV
El Segundo, California, United States NEOGOV is a talent management software platform focused on government, education and public sector clients. NEOGOV provides market major software-as-a-service (SaaS) talent management solutions to automate and streamline the recruitment, onboarding and performance evaluation processes for government and other public sector institutions. NEOGOV was founded in 2000 and is based in El Segundo, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 21.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 63 |
| Sector: Insurance M&A | 9 of 9 |
| Type: Recapitalization M&A Deals | 2 of 2 |
| State: Georgia M&A | 3 of 3 |
| Country: United States M&A | 45 of 45 |
| Year: 2025 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-18 |
ISC
Carlsbad, California, United States ISC is a multi-line insurance distributor that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. ISC was founded in 2017 and is based in Carlsbad, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 1999 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 53 |
| Sector: Insurance M&A | 4 of 4 |
| Type: Recapitalization M&A Deals | 1 of 1 |
| State: Georgia M&A | 5 of 5 |
| Country: United States M&A | 49 of 50 |
| Year: 2025 M&A | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-01 |
Wipfli
Milwaukee, Wisconsin, United States Wipfli is a provider of tax, audit, accounting and business consulting services. Wipfli was formed in 1930 and is based in Milwaukee, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-11-04 |
Pearce Services
Paso Robles, California, United States Pearce Services provides engineering, operations, and maintenance services for mission-critical telecommunications and renewable energy infrastructure across the United States. The Company serves sectors including wireless and wireline networks, solar and wind energy, EV charging, and energy storage systems. Pearce Services is based in Paso Robles, California. |
Sell | $1.2B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 21.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 40 |
| Sector: Insurance M&A | 5 of 5 |
| Type: Recapitalization M&A Deals | 2 of 2 |
| State: Georgia M&A | 1 of 1 |
| Country: United States M&A | 31 of 31 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-18 |
ISC
Carlsbad, California, United States ISC is a multi-line insurance distributor that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. ISC was founded in 2017 and is based in Carlsbad, California. |
Buy | - |
