IMA Financial Group Completes Equity Recapitalization Led by Oak Hill Capital, New Mountain Capital, and HarbourVest Partners

IMA Financial Group announced the completion of an equity recapitalization transaction led by Oak Hill Capital, New Mountain Capital, and HarbourVest Partners, bringing in new minority investors while maintaining majority employee ownership. The deal values the insurance brokerage and advisory firm at approximately $4 billion and supports continued expansion in risk management, employee benefits, and investment advisory services. Existing investor New Mountain Capital will exit its prior position and reinvest alongside the new investor group as IMA continues scaling its national platform and technology investments.