Investor Group Completes AmeriLife Recapitalization

Now that the transaction has been completed, a new team has taken control over the AmeriLife board, AmeriLife says.

Scott Perry, who has been AmeriLife's chief executive officer, is now the chairman of the AmeriLife board and the chief executive officer.

He succeeds Timothy North as chairman of the board.

Ganesh Rao and Ed Shahnasarian have also joined the AmeriLife board.

AmeriLife said last summer that it had replaced old credit facilities, or the equivalent of corporate credit card accounts, that could provide up to $395 million in financing.

The company then announced that it was acquiring a majority stake in Brookstone Capital Management and buying Agent Support Group Inc.

When AmeriLife and Thomas H. Lee announced the capitalization agreement, the organizations' executives said the deal would help fuel AmeriLife's growth but did not say whether that growth would or would not include acquisitions.

— Read AmeriLife Buys Majority Stake in Agent Support Group, on ThinkAdvisor.

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