M&A Deal Summary

Stone Point Capital Acquires The Difference Card

On July 1, 2025, private equity firm Stone Point Capital acquired business services company The Difference Card from Northlane Capital Partners

Acquisition Highlights
  • This is Stone Point Capital’s 20th transaction in the Business Services sector.
  • This is Stone Point Capital’s 107th transaction in the United States.
  • This is Stone Point Capital’s 19th transaction in New York.

M&A Deal Summary

Date 2025-07-01
Target The Difference Card
Sector Business Services
Buyer(s) Stone Point Capital
Sellers(s) Northlane Capital Partners
Deal Type Secondary Buyout

Target

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.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

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 119 of 120
Sector: Business Services M&A 20 of 20
Type: Secondary Buyout M&A Deals 27 of 27
State: New York M&A 19 of 19
Country: United States M&A 107 of 108
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 Keller Williams

Austin, Texas, United States

Keller Williams is a real estate franchise brand in the United States. Keller Williams’ network is comprised of more than 1,000 market center offices and 165,000 affiliated agents. Keller Williams was founded in 1983 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-19 OneDigital

Atlanta, Georgia, United States

OneDigital is a pure-play employee-benefits broker in the United States. OneDigital delivers benefits solutions for employers of all sizes through a sophisticated combination of strategic advisory services, proprietary technology, advanced analytics, compliance support, technical innovations and HR capital management tools. OneDigital was founded in 2000 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 6 of 7
Sector: Business Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 4 of 5
State: New York M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Plus Delta Partners

Carlsbad, California, United States

Plus Delta Partners provides specialized fundraising training and tools designed to enable higher education institutions, healthcare organizations, and other nonprofits to maximize donor contributions. Plus Delta Partners is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-16 Empower Community Care

Atlanta, Georgia, United States

Empower Community Care is a behavioral health organization responsible for distributing evidence-based programs and technologies. Empower Community Care was founded in 2016 and is based in Atlanta, Georgia.

Sell -