Oak Hill Capital, New Mountain Capital, HarbourVest acquires IMA Financial Group
for $4.0bn

IMA Financial Group's equity recapitalization led by Oak Hill Capital, New Mountain Capital, and HarbourVest provides a strategic inflection point for the company as it scales its operations while maintaining independence and preserving employee ownership. The $4 billion valuation underscores IMA’s robust growth trajectory; since 2020, revenue has surged nearly 400%, driven by both organic expansion and strategic partnerships. This recapitalization enables IMA to allocate capital towards technology infrastructure, talent acquisition, and further strategic alliances, critical for sustaining its competitive edge in the rapidly evolving financial services sector. The transaction also marks a significant shift in market dynamics. By attracting prominent institutional investors, IMA strengthens its financial firepower and expands its network of strategic partners, positioning it as a formidable player among regional insurance brokers. The entry of Oak Hill Capital, known for investing in resilient, growth-oriented businesses, signals confidence in IMA's long-term prospects and ability to navigate regulatory changes and market volatility. Post-close, key integration challenges include harmonizing the new capital structure with existing governance frameworks while ensuring that employee ownership remains intact. Additionally, managing technology upgrades and talent recruitment will be crucial for maintaining operational efficiency and client satisfaction. With a solid foundation in place and strong historical performance, IMA is well-positioned to capitalize on growth opportunities within North American insurance brokerage services. However, the firm must monitor regulatory risks and market competition closely to sustain its momentum and reinforce its leadership position.