Genstar buys stake in AmeriLife from THL

Genstar Capital has acquired the stake from Thomas H. Lee Partner, which will continue as an equal investor.

  • ‘We see huge opportunity for AmeriLife and its partners,’ said Genstar’s Ryan Clark
  • The deal values AmeriLife at more than $3 billion
  • The deal is slated to close in Q3

Genstar Capital has acquired a stake in AmeriLife from Thomas H. Lee Partners, which will remain as an equal investor. The deal is slated to close in Q3 and values the company at more than $3 billion.

Genstar Capital is headquartered in San Francisco and has several healthcare and life sciences companies in its portfolio already including Advarra, Signant Health, and Connective. Ryan Clark, president and managing director of Genstar Capital said ‘AmeriLife has proven that its model is the future of insurance marketing and distribution. Combined with Genstar’s deep expertise in financial services, software and healthcare, and our collective commitment to delivering the data, tools and technology necessary to compete and win in today’s marketplace, we see huge opportunity for AmeriLife and its partners’

Thomas H. Lee Partners (THL) is headquartered in Boston. It has a portfolio of over 150 companies and invests in middle market growth companies within financial tech & services, healthcare and tech & business solutions.

Ganesh Rao, managing director and head of the Financial Technology and Services Group at THL said of the partnership with Genstar ‘We look forward to our continued partnership [with AmeriLife], and we welcome our partners at Genstar, whose investment will help accelerate AmeriLife’s next stage of growth and development’

AmeriLife is headquartered in Clearwater and provides over 5 million customers with health insurance, life insurance, annuities and other related products.