IMA Financial Group acquires Bolton & Company


(DENVER – APRIL 28, 2021) IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, today announced its partnership with California-based Bolton & Company to expand its services brokerage in California. The transaction is effective on May 1, 2021.

Together, the powerful brokerage firm will employ 1,200 associates and generate annualized revenues of over $ 300 million. The move will launch IMA into the top 20 insurance brokers in the United States, based on last year’s numbers, but the partners will remain focused on their customer-centric mindset and determined to be independent, owned by their clients. employees and dedicated to their communities.

“This is a watershed moment for IMA and for the industry,” said Rob Cohen, President and CEO of IMA Financial Group. “It’s unique for two great independent brokers who align themselves so well in terms of culture, strategy and community engagement to join forces. This decision will take us to the next level, and we will stay on this path as long as we continue to find excellent strategic partners. “

IMA has tripled in size in just eight years thanks to its organic growth and commitment to finding like-minded companies like Bolton. Today’s announcement is IMA’s fourth transaction since November 2020 and the 10th in the past 12 months. The agreement represents the largest partnership in IMA history.

Bolton, also a growing company with 300% revenue growth over the past 10 years, will become an IMA company and maintain its well-respected Bolton brand. Bolton President and CEO Steve Brockmeyer will continue in his leadership role and serve as Market President for IMA’s California division. The 200-employee team will remain at the company’s Los Angeles, Orange County and San Francisco Bay Area offices. The combined company will have offices across the United States and offer expanded offerings in growing specialty industries.

“Almost a century ago, we set out to be an independent and trusted advisor to our clients by taking a tailored approach to helping clients succeed and grow,” said Brockmeyer. “This partnership amplifies this commitment. IMA is creating a new way forward, bringing together highly experienced independent partners with a common set of customer-centric values. “

Bolton started out as a family owned agency and has maintained a deep commitment to its employees and clients as it grew to become one of California’s largest independent insurance brokers. Bolton and IMA have always found new and better ways to innovate and serve the industry by serving the Council of Insurance Agents and Brokers (CIAB), for which Cohen and Brockmeyer served as board chairmen.

“Our shared vision and values ​​will allow us to reach our important teams in a transparent manner, paving a path that benefits our customers, our employees and the industry,” said Luke Proctor, President of IMA Financial Group.

IMA and Bolton also share a true commitment to the communities in which they live and work. The IMA Foundation and the Bolton Foundation have donated nearly $ 1.5 million over the past two years to support 250 nonprofit organizations.

ABOUT THE IMA FINANCIAL GROUP

IMA Financial Group is a North American insurance brokerage firm specializing in risk management, insurance, employee benefits and wealth management. The sixth largest independent employee-owned brokerage firm in the United States, IMA employs nearly 1,000 associates, with key offices in Colorado, Kansas, Michigan, Oregon, Pennsylvania and Texas. The company’s mission is to protect assets and make a difference for its clients, associates and communities.


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