Genstar Capital Invests in AmeriLife Group

Posted on 06/15/2022

On June 13, 2022, Genstar Capital disclosed they invested in AmeriLife Group, LLC, a company that is involved in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions. Genstar will join AmeriLife’s current private equity investor, Thomas H. Lee Partners, L.P., as an equal investor.

Headquartered in Clearwater, Florida, AmeriLife is an independent marketing organizations and registered investment advisors in the United States. The company employs more than 1,800 associates across the U.S., serving a growing population of more than 300,000 licensed agents and advisors in over 90 offices who, in turn, help enhance the health and financial wellbeing of more than 5 million pre-retirees and retirees.

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 be completed in the third quarter.

In January 2020, an investor group led by Thomas H. Lee Partners led a recapitalization in AmeriLife Group. Other investors included Cannae Holdings and certain THL limited partners. THL had acquired a majority stake from J.C. Flowers & Co., LLC, a private investment firm dedicated to investing globally in the financial services industry, and other investors.

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