IMA Financial Group Acquires Bolton & Enterprise | Company & Finance
DENVER–(Organization WIRE)–Apr 28, 2021–
IMA Fiscal Group, a North American coverage brokerage business specializing in danger administration, insurance plan, wholesale brokerage and wealth management, introduced nowadays that it will spouse with California-based mostly Bolton & Business to grow its brokerage companies to California. The transaction is productive Could 1, 2021.
Alongside one another, the powerhouse brokerage firm will utilize 1,200 associates and make annualized revenues of over $300 million. The shift will start IMA into the top rated 20 insurance brokers in the U.S., based mostly on final year’s figures, but the associates will keep on being focused on their shopper-initially mentality and dedicated to getting unbiased, personnel-owned and focused to their communities.
“This is a watershed instant for IMA and for the marketplace,” reported IMA Economic Group Chairman and CEO Rob Cohen. “It is unique for two big independent brokers that align so properly in tradition, tactic and group commitment to be a part of forces. This go will acquire us to the subsequent amount, and we will stay on this route as very long as we continue to locate great strategic partners.”
IMA has tripled in measurement in just eight yrs through both of those organic and natural progress and its motivation to seeking out like-minded companies these kinds of as Bolton. Today’s announcement is IMA’s fourth transaction because November 2020 and its 10th in the last 12 months. The agreement signifies the premier partnership in IMA’s history.
Bolton, also an growing organization with 300% profits development around the previous 10 a long time, will grow to be an IMA Corporation and retain its extremely revered Bolton brand. Bolton President and CEO Steve Brockmeyer will carry on in his management part and provide as marketplace president for IMA’s California division. The staff of 200 employees will continue being in the company’s workplaces in Los Angeles, Orange County and the San Francisco Bay Space. The merged business will have places of work across the U.S. and supply expanded choices in developing specialty industries.
“Nearly a century ago, we established out to be an independent, dependable advisor for our purchasers by taking a customized approach to supporting clients realize achievements and growth,” stated Brockmeyer. “This partnership amplifies that motivation. IMA is producing a new way forward, assembling unbiased companions that are really experienced with a shared established of consumer-concentrated values.”
Bolton started as a spouse and children-owned agency and preserved a deep determination to its workforce and clients as it grew into a person of the premier independent insurance brokers in California. Both of those Bolton and IMA have continually uncovered new and superior means to innovate and serve the marketplace through support to The Council of Insurance policy Agents and Brokers (CIAB), for which both Cohen and Brockmeyer served as Board Chair.
“Our shared eyesight and values will make it possible for us to be part of our sizable teams seamlessly, forging a path that positive aspects our consumers, our workers and the industry,” stated IMA Money Team President Luke Proctor.
IMA and Bolton also share a real motivation to the communities in which they live and get the job done. The IMA Basis and the Bolton Basis with each other have donated nearly $1.5 million in the previous two yrs in aid of 250 nonprofit corporations.
ABOUT IMA Economical Group
IMA Financial Team is a North American insurance brokerage business specializing in risk management, insurance policy, staff benefits and prosperity administration. The sixth-most significant independent, personnel-owned brokerage in the U.S., IMA employs just about 1,000 associates, with anchor offices in Colorado, Kansas, Michigan, Oregon, Pennsylvania and Texas. The company’s mission is to secure property and make a change for its purchasers, associates and communities.
Get in touch with: Ruth Rohs, SVP, Corporate Communications,[email protected]
Tracy Henderson, Centre Get to Communications,[email protected]
Search phrase: CALIFORNIA COLORADO UNITED STATES NORTH The united states
Marketplace Search term: Experienced Products and services Insurance policy FINANCE
Resource: IMA Financial Group
Copyright Small business Wire 2021.
PUB: 04/28/2021 08:06 AM/DISC: 04/28/2021 08:06 AM
Copyright Business enterprise Wire 2021.