Primerica completed the acquisition of an 80% stake in e-TeleQuote from The Resource Group for $480m.

Primerica, a provider of financial services to middle-income families, completed the acquisition of an 80% stake in e-TeleQuote, a company providing business consulting services on a contract and fee basis, from The Resource Group, a business transformation services organization that specializes in the area of non-payroll spend management, for $480m. Primerica will purchase the remaining 20% stake over a period of up to four years. “The synergies created by this acquisition will allow Primerica’s life insurance-licensed independent sales representatives to serve clients’ financial needs more fully throughout their lifecycle. e-TeleQuote’s specialized technology platform and dynamic sales centers align perfectly with Primerica’s powerful distribution capabilities, allowing us to deliver additional value to our clients, sales representatives, employees, and stockholders," Glenn Williams, Primerica CEO.