IMA Financial Group Acquires California’s Bolton April 28, 2021
Denver-based insurance brokerage IMA Financial Group said it is expanding to California by acquiring Bolton & Co. in a transaction effective May 1, 2021.
The combined brokerage firm will employ 1,200 associates and generate annualized revenues of more than $300 million. IMA will become one of the top 20 insurance brokers in the U.S.
IMA specializes in risk management, insurance, wholesale brokerage and wealth management. The firm has tripled in size in just eight years through both organic growth and acquisitions. The Bolton deal is IMA’s fourth transaction since November 2020, its largest and its tenth in the last 12 months.