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AmeriLife, a Frequent Financial Services Firm Buyer, Raises More Cash – ThinkAdvisor

What You should Know

  • The corporations Aren’t saying how huge the Genstar funding Shall be, however Genstar will emerge with a joint companionship with Thomas H. Lee.
  • Thomas H. Lee Companions acquired administration over AmeriLife from J.C. Flowers in 2020.
  • Since then, AmeriLife has grpersonal its monetary expert relationship rely to 300,000, from 140,000.

An group that has been an lively purchaser of life insurance coverage, Medical insurance coverage and retirement providers corporations seems to have An monumental new pot Of money.

AmeriLife Group introduced right now that it has acquired a “strategic funding” from Genstar Capital — A huge, San Francisco-based mostly private equity agency.

The corporations Aren’t disclosing The measurement of the funding, however They’re saying that Genstar will Discover your self as an equal to and joint companion with Thomas H. Lee Companions.

Thomas H. Lee acquired administration over AmeriLife from But one extra huge private equity agency, J.C. Flowers & Co., about two years in the past. AmeriLife Did not give The worth of that financing transaction, both, However it reported in 2019 that it had refinanced about $395 million in agency credit rating amenities.

“Genstar’s funding will velocity up our progress and assist us proceed To assemble out our platform To current superior assist to our service companions, our associates and our brokers,” Scott Perry, AmeriLife’s chairman and CEO, said in a remark included Inside the …….

Source: https://www.thinkadvisor.com/2022/06/13/amerilife-a-frequent-financial-services-firm-buyer-raises-more-cash/

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