AmeriLife, a Frequent Monetary Companies Agency Purchaser, Raises Extra Money

What You Must Know

  • The businesses aren't saying how large the Genstar funding might be, however Genstar will emerge with a joint partnership with Thomas H. Lee.
  • Thomas H. Lee Companions acquired management over AmeriLife from J.C. Flowers in 2020.
  • Since then, AmeriLife has grown its monetary skilled relationship rely to 300,000, from 140,000.

An organization that has been an lively purchaser of life insurance coverage, medical health insurance and retirement companies companies seems to have a giant new pot of money.

AmeriLife Group introduced as we speak that it has acquired a “strategic funding” from Genstar Capital — a big, San Francisco-based personal fairness agency.

The businesses aren't disclosing the dimensions of the funding, however they're saying that Genstar will find yourself as an equal to and joint companion with Thomas H. Lee Companions.

Thomas H. Lee acquired management over AmeriLife from yet one more giant personal fairness agency, J.C. Flowers & Co., about two years in the past. AmeriLife didn't give the worth of that financing transaction, both, however it reported in 2019 that it had refinanced about $395 million in company credit score services.

“Genstar’s funding will speed up our development and assist us proceed to construct out our platform to offer superior assist to our service companions, our associates and our brokers,” Scott Perry, AmeriLife’s chairman and CEO, stated in a remark included within the deal announcement.

What It Means

For those who personal a monetary companies agency, AmeriLife-led transactions could assist decide its valuation.

And AmeriLife associates could also be doing enterprise with an growing variety of your individual purchasers and prospects.

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