M&A Deal Summary

IMA Financial Acquires Diversified Insurance

On August 4, 2021, IMA Financial acquired insurance company Diversified Insurance

Acquisition Highlights
  • This is IMA Financial’s 3rd transaction in the Insurance sector.
  • This is IMA Financial’s 3rd transaction in the United States.
  • This is IMA Financial’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-08-04
Target Diversified Insurance
Sector Insurance
Buyer(s) IMA Financial
Deal Type Add-on Acquisition

Target

Diversified Insurance

Salt Lake City, Utah, United States
Diversified Insurance is a full-service insurance agency providing property & casualty insurance and employee benefits. Diversified Insurance was founded in 1964 and is based in Salt Lake City Utah.

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Buyer(S) 1

Buyer

IMA Financial

Denver, Colorado, United States
Category Company
Founded 1974
Sector Insurance
DESCRIPTION

IMA Financial is a diversified financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is 100-percent employee-owned, its more than 600 associates in Colorado, Kansas, Michigan, New York and Texas are empowered to provide customized solutions for their clients’ unique needs. IMA Financial was founded in 1974 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 3
Sector (Insurance) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Bolton

Pasadena, California, United States

Bolton & Co. is an independent insurance broker serving the needs of thousands of clients across the country. The company continues to grow with the industries, organizations, and communities we serve every day, and its success has been dependent upon fostering an environment where the team of professionals can grow, develop and thrive in their roles to best support the clients. Bolton & Co. was formed in 1931 and is based in Pasadena, California.

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