IMA Financial Group, a North American integrated financial services company specializing in risk management, retail and wholesale insurance brokerage and wealth management, entered into a strategic partnership with Chicago-based RedRidge, expanding its suite of services for clients engaging in M&A transaction support and lender diligence. The partnership became effective on Oct 1.
“The addition of RedRidge will provide IMA’s clients with access to a world-class financial due diligence team that will meaningfully enhance the client experience,” Jordyn Arons Rosen, national practice director, private equity and M&A at IMA, said. “This partnership equips our clients with services beyond those traditionally implemented by an insurance and benefits brokerage firm, streamlining workflows.”
IMA partnered with RedRidge, a mid-market financial due diligence firm, to grow IMA’s existing M&A products and services and create a new channel of lender diligence offerings. Complementing this service distinguishes IMA as a comprehensive, strategic partner throughout the M&A lifecycle, leveraging its existing offerings within private equity and M&A including:
- Insurance due diligence
- Employee benefits due diligence
- Retirement and wealth due diligence
- Transaction Liability Insurance placements
- Post-close portfolio-wide insurance, benefits and retirement programs
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“The partnership with IMA will be transformative for RedRidge. As a result, access to additional resources and expertise will broaden our client network and strengthen our service offerings,” Cory Ryan, president of RedRidge, said. “We anticipate a bright future together with our two companies prioritizing our people and client relationships over everything else.”
“This partnership signifies a substantial stride forward in the growth trajectory for both IMA and RedRidge,” Rob Cohen, chairman and CEO of IMA, said. “As a client-focused company, we always seek ways to expand and evolve our services. With RedRidge in-house, we are more equipped to support current and future IMA clients facing an increasingly complex environment.”
RedRidge will become RedRidge, an IMA Company, and maintain its leadership and headquarters in Chicago along with its associates in major cities all over the U.S. and the UK.
