Genstar Capital, a private equity firm, has acquired  AmeriLife Group, a life and health insurance provider. Genstar will join AmeriLife’s current private equity investor, Thomas H. Lee Partners, as an equal investor.

The investment is a testament to AmeriLife’s strength and creates a foundation for expansion.

“Over the last two years, AmeriLife has rapidly grown its affiliate base and invested heavily in best-in-class shared resources and support to fuel our tremendous organic growth,” said Scott R. Perry, CEO of AmeriLife. “Genstar’s investment will accelerate our growth and help us continue to build out our platform to provide superior support to our carrier partners, our affiliates and our agents.”

Evercore served as financial advisor to AmeriLife.