Joint Partnership Between Renowned Private Equity Firm and Thomas H. Lee Partners Will Expand AmeriLife’s Range of Services and Offerings and Further Accelerate the Growth of the Leading National Distributor of Health and Financial Solutions
CLEARWATER, Florida., June 13, 2022 /PRNewswire/ — AmeriLife Group, LLC (“AmeriLife”), a national leader in the development, marketing and distribution of life and health insurance, annuities and retirement planning solutions, announced today Today an investment from Genstar Capital (“Genstar”), a leading private equity firm focused on investing in targeted segments of the financial services, healthcare, industrials and software sectors. Genstar will join current AmeriLife private equity investor Thomas H. Lee Partners, LP (“THL”) as an equal investor.
The joint partnership between two of the world’s leading private equity firms is a testament to AmeriLife’s strength and fiery pace of growth, and creates a solid foundation for continued nationwide expansion.
Based at Clearwater, Florida.AmeriLife is one of the leading independent marketing organizations and registered investment advisers in United States. The company employs more than 1,800 associates across the country, serving a growing population of more than 300,000 licensed agents and advisors in more than 90 offices who, in turn, help improve the health and financial well-being of more 5 million pre-retirees and retirees.
“Over the past two years, AmeriLife has rapidly grown its affiliate base and invested heavily in shared resources and best-in-class support to fuel our tremendous organic growth,” said Scott R. Perry, chairman and CEO of AmeriLife. “Genstar’s investment will accelerate our growth and help us continue to develop our platform to provide superior support to our carrier partners, affiliates and agents.”
“Genstar Capital couldn’t be more excited to welcome AmeriLife to our portfolio,” said ryan clark, Chairman and CEO of Genstar Capital. “We have followed the tremendous progress of Scott and his team since our first meeting in 2016. AmeriLife has proven that his model is the future of insurance marketing and distribution. Combined with Genstar’s deep expertise in services financial, software and healthcare, and our collective commitment to providing the data, tools and technology needed to compete and win in today’s marketplace, we see tremendous opportunity for AmeriLife and its partners.”
“Over the past two years, AmeriLife has become one of the leading providers of healthcare and financial solutions in United States“, added Ganesh Rao, Managing Director and Group Head of Financial Technology and Services at THL. “We look forward to our continued partnership and welcome our partners to Genstar, whose investment will help accelerate the next stage of growth and development for AmeriLife. “
Evercore served as financial advisor to AmeriLife on the transaction. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed. The transaction is expected to close in the third quarter.
AmeriLife’s strength lies in its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become the leader in the development, marketing and distribution of life and health insurance, annuities and retirement planning solutions to improve the lives of pre-retirees and retirees around the world. United States. For more than 50 years, AmeriLife has partnered with the best insurance companies to deliver value and quality to customers served through a nationwide distribution network of more than 300,000 insurance agents and advisors, more than 50 marketing organizations and 50 insurance agencies. For more information, visit AmeriLife.com and follow AmeriLife on Facebook and LinkedIn.
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and network of strategic advisors to transform its portfolio companies into industry-leading companies. Genstar currently has approximately $35 billion in assets under management and is targeting investments focused on targeted segments within the financial services, healthcare, industrials and software sectors.
About Thomas H. Lee Partners, LP
Thomas H. Lee Partners, LP (“THL”) is a leading private equity firm that invests in mid-market growth companies exclusively in three sectors: Healthcare, Technology & Financial Services, and Technology Solutions and commercial. THL combines deep industry expertise through an Identified Industry Opportunity (“ISO”) process with dedicated internal operational resources from its Strategic Resource Group (“SRG”) to transform and create great companies with sustainable value in partnership with management. The firm’s domain expertise and resources help build great companies with the goal of accelerating growth, improving operations and creating long-term sustainable value. Since 1974, THL has raised more than $34 billion in equity capital, invested in more than 160 companies and completed more than 500 follow-on acquisitions representing an aggregate enterprise value upon acquisition of more than $210 billion.
Thomas H. Lee Partners, LP