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AmeriLife Acquires Majority Share in JD Mellberg Financial to Advance Retirement Planning Solutions
Friday 14 February 2020

14 February 2020 - Florida, US-based life, health and retirement solutions company AmeriLife Group, LLC has acquired a majority interest in Arizona-based annuity and retirement planning organisation J.D. Mellberg Financial to further AmeriLife's investment and retirement planning capabilities, the company said.
Terms of the transaction were not disclosed.
The combined organisation represents more than USD 4.8bn in annual annuity premium.
Mellberg said with this new partnership, it can continue its growth, while remaining dedicated to serving the needs of clients and agents.
AmeriLife develops, markets and distributes life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees.
J.D. Mellberg Financial helps retirees and pre-retirees develop strategies tailored to their needs and goals since 2005.
Details
Date Published: 14/02/2020
Target: J.D. Mellberg Financial
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor:
Buyer: AmeriLife Group, LLC
Comment:
Terms of the deal were not disclosed

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