OneDigital is the nation’s largest pure-play employee-benefits broker in the United States. OneDigital delivers market-leading 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. Headquartered in Atlanta, Georgia, OneDigital has offices throughout the country and serves over 35,000 companies and manages nearly $4 billion in premiums. The company has been named to the Inc. 5000 List of America’s fastest-growing companies every year since the honor’s inception in 2007.
New Mountain’s investment in OneDigital was driven by our firm’s multi-year and proactive “deep-dive” efforts in the insurance, human capital management and healthcare services sectors. New Mountain first began a dialogue with OneDigital in April 2016 as an outgrowth of New Mountain’s other portfolio company investments. Over the next year, OneDigital decided that New Mountain’s deep expertise in relevant sectors as well as New Mountain’s focus on growth and business-building made New Mountain the ideal partner to help OneDigital continue its growth and achieve the next level of success. Throughout diligence, New Mountain was able to leverage its broad network of relationships with industry executives developed through our “deep-dives”, to identify and evaluate multiple exciting growth opportunities. OneDigital and New Mountain ultimately completed the transaction on a fully proprietary and exclusive basis in June 2017.