Thomas H. Lee Group Agrees to Buy a Majority Stake in AmeriLife
January 8, 2020 by Allison Bell
An investor group led by Thomas H. Lee Partners L.P., a private equity firm, has agreed to buy a majority stake in AmeriLife Group LLC from another private equity firm, J.C. Flowers & Company LLC, AmeriLife announced today.
AmeriLife is a Clearwater, Florida-based life, health and annuity distributor that has relationships with about 140,000 insurance producers and advisors and 20 marketing organizations.
AmeriLife says it has entered into a recapitalization agreement with the Thomas H. Lee investor group.
The transaction should close by about March 31, according to AmeriLife.
The parties are not saying how much Thomas H. Lee expects to pay.