Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
received a minority equity investment from
Financial advisor to New Mountain Capital November 2020
New Mountain Capital Completes Minority Investment in IMA Financial Group
Industry: Insurance
Type: Buy-Side M&A, Capital Raise

IMA Financial Group (“IMA” or “the Company”), a leading national insurance brokerage, has sold a minority stake to an experienced group of long-term investors.  The syndicate was led by New Mountain Capital, a growth-oriented investment firm with $28 billion in assets under management. 

Founded in 1973 and headquartered in Denver, CO, IMA is the sixth-largest independent, employee-owned insurance broker in the United States, specializing in property and casualty insurance, employee benefits and surety bonds.  IMA employs more than 800 associates in Colorado, Kansas, Texas, Michigan, Pennsylvania and California.  The Company’s mission is to protect assets and make a difference for its clients, associates and communities.

Waller Helms Advisors served as exclusive financial advisor to New Mountain Capital in the transaction.