Will the private investor group that’s acquiring control over AmeriLife Group LLC let AmeriLife continue to make deals of its own?
The answer appears to be: Sure.
AmeriLife announced Thursday that it has acquired a majority stake in Stephens-Matthews Marketing Inc. — a Beverly, Ohio-based insurance marketing organization.
AmeriLife and Stephens-Matthews have not disclosed the price of the deal.
AmeriLife says that Dave Stephens, Stephens-Matthews’ founder, will continue to hold a minority interest in the company after the deal is completed.
Dave Matthews will continue to lead the Stephens-Matthews team under the Stephens-Matthews brand from the company’s current Beverly, Ohio headquarters, AmeriLife says.
Dave Matthews will also be a principal and member of the management team with AmeriLife’s life and health insurance brokerage distribution channel, AmeriLife says.
AmeriLife is a Clearwater, Florida-based insurance distributor with relationships with about 140,000 financial professionals. A Thomas H. Lee Partners L.P. investor group hopes to acquire control of that company, from J.C. Flowers & Company LLC, by about March 31.
Stephens-Matthews is a company that sells life and annuity products but is best known as a distributor for health insurance products, including major medical insurance, short-term health insurance and Medicare plans.
The company has not disclosed the number of producer relationships it has but says it has producers in 49 states.
The company distributes products from many major health insurers, including Aetna, Cigna, Humana, Molina Healthcare and United Group., and it also has relationships with companies such as American International Group and Mutual of Omaha.
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