Ambina Partners has successfully sold its stake in PHP Agency to Integrity Marketing Group, realizing significant growth and strategic alignment in the life insurance sector.

Information on the Target

PHP Agency, Inc. ("PHP") is a prominent life insurance Field Marketing Organization (FMO) that caters primarily to the middle-class demographic, placing a significant focus on the growing Hispanic-American community. Founded in 2009 and headquartered in Addison, Texas, PHP operates as a technology-enabled national financial services organization, partnering with leading insurance and annuity carriers to offer both part-time and full-time career opportunities to aspiring life insurance agents. Over the years, PHP has expanded its presence significantly, currently operating through over 170 offices nationwide.

Ambina Partners LLC ("Ambina"), a private investment firm that specializes in growth-oriented middle-market businesses, became PHP's first institutional investor in 2017. During Ambina's partnership with PHP, the company not only provided essential growth capital but also played a crucial role in enhancing the corporate structure, recruiting top-tier executive talent, and upgrading PHP's technology infrastructure. This collaborative effort has enabled PHP to achieve remarkable growth, more than tripling its revenue since the initial investment.

Industry Overview in the Target's Specific Country

The life insurance industry in the United States has experienced significant evolution over the past decade, adjusting to the needs of a diverse populace and increasingly leveraging technology in service delivery. The industry's growth has been particularly robust within the