Private investment firm Ambina Partners LLC recently announced the sale of its interests in PHP Agency, Inc. to Integrity Marketing Group, marking a significant milestone for both companies. This transaction represents a groundbreaking development in the life insurance industry, with far-reaching implications for the diverse middle-class market, especially the thriving Hispanic-American community.
A Strategic Partnership that Drives Growth
Ambina’s initial investment in PHP in 2017 served as a catalyst for the company’s exponential growth. Functioning as the Company’s first institutional investor, Ambina provided crucial growth capital that enabled PHP to establish a strong foothold in the market. Over the past five years, Ambina has worked closely with PHP’s management team, augmenting corporate infrastructure, attracting exceptional executive talent, and revolutionizing the Company’s IT capabilities. This collaborative effort has successfully transformed PHP into a technology-enabled enterprise, solidifying its position as a leading Field Marketing Organization (FMO) in the life insurance sector.
Thriving Amidst Rapid Expansion
Since 2017, PHP has thrived under Ambina’s guidance, with revenue increasing more than threefold. Presently, PHP operates through an extensive network of over 170 offices across the United States, effectively serving its ever-expanding customer base. This tremendous success can be attributed to Ambina’s unwavering commitment to fostering a spirit of collaboration and innovation, aligning seamlessly with PHP’s mission to enhance diversity within the life insurance industry while simultaneously securing brighter financial futures for families.
Resounding Praise for a Valued Partnership
Patrick Bet-David, Founder and CEO of PHP, expressed his gratitude towards Ambina, stating, “Ambina has played a pivotal role in our company’s growth and success over the past five years. Beyond providing essential financial support, Ambina has been instrumental in aiding critical decision-making processes, enabling us to build an exceptional team and infrastructure. Together, we have been able to fulfill our mission of promoting diversity in life insurance and helping families achieve enhanced financial security.”
Greg Share, Chairman of Ambina Partners, echoed Bet-David’s sentiments and emphasized the extraordinary entrepreneurial prowess of PHP’s leader, stating, “It has been an honor to partner with Patrick Bet-David and PHP. The remarkable growth achieved during our investment period stands testament to our collaborative partnership and the unwavering dedication of Patrick and his team to provide unparalleled service to agents and families.”
A Noteworthy Transaction
Ambina and PHP received comprehensive advisory support throughout this milestone transaction from Houlihan Lokey. Their expertise effectively guided both companies in navigating this complex process.
About PHP Agency Inc.
Founded in 2009, PHP Agency Inc. is a nationally recognized financial services organization that leverages cutting-edge technology to provide exceptional opportunities for aspiring life insurance agents. PHP partners with leading insurance and annuity carriers and offers both part-time and full-time career options. With its headquarters based in Addison, Texas, PHP is known for its commitment to empowering individuals and optimizing their financial prospects. To learn more about PHP Agency Inc., visit ProgramMatek.
About Ambina Partners
Ambina Partners specializes in private equity investments in growth-oriented middle-market companies. With a focus on sectors such as enterprise software, financial services/insurance, and other technology-enabled industries, Ambina partners with forward-thinking management teams. By offering strategic and operational support, Ambina ensures sustainable growth and enduring success. For additional information on Ambina Partners, please visit their website at ProgramMatek.
About Integrity Marketing Group
Integrity Marketing Group, headquartered in Dallas, Texas, is a prominent distributor of life and health insurance, offering innovative solutions for wealth management and retirement planning. Dedicated to safeguarding the well-being of millions of Americans, Integrity adopts a personalized approach, catering to clients’ needs through diverse channels, including in-person, over the phone, and online interactions. Leveraging cutting-edge technology, Integrity streamlines the insurance and financial planning experience for all stakeholders. In collaboration with carrier partners, Integrity develops and markets products through a vast distribution network of agencies, brokerages, and Registered Investment Advisors (RIA), serving over 10 million clients annually. With nearly 6,000 employees, Integrity is responsible for facilitating more than $12 billion in new sales and overseeing a staggering $20 billion of assets under management and advisement through its RIA and broker-dealer platforms. To find out more, visit ProgramMatek.