M&A Deal Summary

illumifin Acquires AmeriLife - Administrative Partners of America

On January 9, 2024, illumifin acquired business services company AmeriLife - Administrative Partners of America from Amerilife

Acquisition Highlights
  • This is illumifin’s 2nd transaction in the Business Services sector.
  • This is illumifin’s 2nd transaction in the United States.
  • This is illumifin’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-01-09
Target AmeriLife - Administrative Partners of America
Sector Business Services
Buyer(s) illumifin
Sellers(s) Amerilife
Deal Type Divestiture

Target

AmeriLife - Administrative Partners of America

Clearwater, Florida, United States
AmeriLife's Administrative Partners of America is a third-party administrator.

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Buyer(S) 1

Buyer

illumifin

Greenville, South Carolina, United States

Category Company
Founded 2021
Sector Business Services
DESCRIPTION

illumifin is a provider of third-party administration and technology services to individual and group insurers. illumifin is a diverse, passionate, and empowered team of insurance specialists committed to the growth and success of its customers. illumifin was founded in 2021 and is based in Greenville, South Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 LTCG

Eden Prairie, Minnesota, United States

LTCG is a provider of administrative solutions and clinical services to the long-term care and life insurance industry, with over two decades of experience in this space. LTCG was founded in 1996 and is based in Eden Prairie, Minnesota.

Buy -

Seller(S) 1

SELLER

Amerilife

Clearwater, Florida, United States

Category Company
Founded 1971
Sector Insurance
DESCRIPTION

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Saybrus

Hartford, Connecticut, United States

Saybrus is a life insurance and annuity distribution company that helps institutions and financial professionals address clients' needs with life insurance and annuity solutions for basic protection as well as retirement, estate, and business planning. Saybrus was founded in 2009 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-06 Crump Life Insurance Services

Roseland, New Jersey, United States

Crump Life Insurance Services is a independent wholesale distributor of life insurance. Crump Life Insurance Services was founded in 1983 and is based in Roseland, New Jersey.

Buy -