dallas-based existence insurance firm acquires retirement solutions organisation

previous traders in annexus will promote their interests as part of the transaction.

dallas-based totally lifestyles coverage provider integrity marketing group has bought a retirement solutions business enterprise.

annexus, an arizona organization that develops and distributes retirement profits and accumulation merchandise, is the largest acquisition in integrity’s records. monetary terms of the coins and inventory transaction had been no longer disclosed, however preceding annexus traders, which include funds controlled by using blackstone, will promote their interests as a part of the deal.

bryan adams, co-founder and ceo of integrity, stated the partnership will provide integrity get right of entry to to annexus’ product improvement and distribution partnership understanding. conversations commenced over the last six months, he said.

“we’ve been talking approximately what we are able to do together, how we are able to better serve americans with the aid of coming together with our precise distribution machine and all of the agents and organizations that we work with,” adams stated. “it virtually complements a variety of what we do and surely what our customers need.”

adams stated annexus will retain its brand and one hundred% of its workforce in scottsdale, ariz. integrity is owned by way of its over 6,000 personnel, so annexus’ about 100 employees will now be shareholders in integrity. he said it’s miles “too early to tell” whether or not the merger would require extra jobs in dallas.

seeing that its founding in 2006, annexus has served over 1/2 one million people with retirement wishes. in 2022, annexus anticipates it will promote $7 billion in annuities and $one hundred fifty million in goal existence coverage.

ron shurts, co-founder and ceo of annexus, becomes a managing companion at integrity as a part of the transaction. he stated the companies each have growth potential.

“in terms of improving lives, there is no end line,” shurts stated in a launch. “we’re dedicated to assisting every american revel in a safer and greater stable retirement, and partnering with integrity will assist us increase and accelerate closer to that goal.”