Employee benefits and human resources strategic advisory firm OneDigital, which has approximately four dozen employees at its Farmington offices, has a new majority owner.
Toronto-based private equity firm Onex, which has offices in New York, New Jersey and London, has acquired a majority stake in Atlanta-based OneDigital for an undisclosed price, the parties announced Thursday.
Onex acquired its stake from New Mountain Capital, an alternative investment manager headquartered in New York.
“This investment means we can offer more specialized guidance and personalized service for years to come,” said Adam Bruckman, president and CEO of OneDigital.
Onex Managing Director Todd Clegg said OneDigital’s decades of “cohesive management experience, an expansive and adaptive infrastructure, and a culture that attracts teams for the long term” was an attractive combination for Onex.
The deal follows a string of acquisitions by OneDigital around the country in recent years, including a Branford deal last year.
At that time, OneDigital had about 1,700 employees across 90 offices, but it’s only grown further in the past year, reaching about 2,000 employees and 100 offices.
The Farmington operation it acquired was Ovation Benefits until OneDigital changed the name in 2016.
