Primerica Acquires 80% of e-TeleQuote

April 19, 2021

Primerica, Inc. agreed to acquire an 80% stake in Etelequote Limited's operating subsidiaries (e-TeleQuote) at an enterprise value of $600 million, with plans to purchase the remaining 20% over up to four years. The deal expands Primerica's product offering into senior health insurance distribution and creates cross-selling and referral opportunities between Primerica's sales force and e-TeleQuote's Medicare distribution platform.

Buyers
Primerica, Inc.
Targets
e-TeleQuote (Etelequote Limited's operating subsidiaries)
Sellers
The Resource Group International, Limited, e-TeleQuote management
Industry
Insurance
Location
Florida, United States
Transaction Type
Buyout

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