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New Deal


Announced

AmeriLife to acquire Saybrus Partners from Nassau Financial.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

annuity planning

Domestic

Life Insurance

Acquisition

United States

Private

Majority

life insurance

Single Bidder

Friendly

Synopsis

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AmeriLife, a national provider of developing, marketing, and distributing annuity, life, and health insurance solutions, agreed to acquire Saybrus Partners, a life insurance and annuity distribution company, from Nassau Financial, an insurance and financial services company. Financial terms were not disclosed. "This strategic transaction marks an exciting milestone for Nassau, further aligning us with AmeriLife, our leading distribution partner, while simplifying our business in support of our insurance sales and asset management growth plans. Under Ed Cassidy's terrific leadership, Saybrus has grown from a start-up insurance wholesaler to a scaled insurance distribution company with a national footprint. We are confident that Saybrus has a bright future ahead with AmeriLife," Phil Gass, Nassau Chairman and CEO.

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