(DENVER – AUG. 4, 2022) IMA Financial Group, a North American insurance brokerage firm specializing in risk management, insurance, wholesale brokerage and wealth management, and York International Agency LLC, a privately owned, Top 100 insurance brokerage based in Harrison, New York, today announced a strategic partnership. Effective immediately, York will join the IMA Financial Group of companies.
York’s partnership with IMA brings these two Top 100 brokers tremendous growth opportunities in the Northeast, specifically the New York metro area, and high-growth specialties such as real estate insurance. With its proven track record of double-digit growth, York’s alignment with IMA, one of the fastest-growing independent brokerage firms in the country with 2022 revenues projected to exceed $500 million, creates an independent, employee-owned broker that is unparalleled in the U.S.
The York leadership team undertook an exhaustive process to find the best-suited partner for growth. Notes Chairman and CEO Robert Kestenbaum, “Ultimately, the board voted on IMA because of the firms’ shared values of independence, expansion, a client-first mentality and a strong ethos of protecting their most valuable assets – their associates.”
Continuing IMA’s successful legacy of sustainable growth, York International Agency, LLC, an IMA Company, will retain its Westchester County office and its employee-owners and clients, who will now have access to IMA’s resources and specialty expertise as well as the organization’s investment in technology to provide enhanced services and products to their clients.
“Our partnership model has delivered strong and consistent revenue growth for our firm and our partners,” said IMA Financial Group Chairman and CEO Rob Cohen. “We are proud to be big enough to have the market clout and resources of the largest brokerages, while at the same time maintaining a local mindset that preserves the caring relationships our partners have with their clients and the community.”
York’s leadership team will continue to guide the firm’s double-digit growth and maintain the legacy of York’s founder, Jim Krantz. Kestenbaum will serve as the President, Northeast Region, York International Agency LLC, an IMA Company, and Michael Bodack will serve as IMA’s New York Market President. The partnership allows for continued employee ownership for both companies and an opportunity for York’s shareholders and associates to become personally involved in the future growth and success of IMA Financial Group.
“Today’s partnership announcement underscores our sustainable growth strategy,” said IMA Financial Group President Luke Proctor. “Our commitment to remaining independent and employee-owned allows us to be forward-thinking and invest in what is best for our customers, our associates, the company and the industry, and continue to build the broker of the future.”
Over the past two years, IMA has added 16 new partners, expanding its national footprint to 11 regional offices and doubling its associate team to more than 1,800. Since joining the organization, IMA’s new partners have all reported extremely positive growth figures. York brings a high-profile roster of P&C and employee benefits clients and a local presence in the New York metropolitan area.
“Our success has come from a relentless focus on clients, colleagues and the community,” said Kestenbaum. “IMA has repeatedly proven that an agency can be values-driven, community-focused and achieve great success. We see a bright future ahead.”
About IMA Financial Group
Based in North America, IMA Financial Group, Inc. is an integrated financial services company focused on protecting the assets of its widely varied client base through insurance and wealth management solutions. Because IMA is employee-owned, its 1,800-plus associates are empowered to provide customized solutions for their clients’ unique needs.
About York International
Established in 1985, York International is one of the leading independent insurance brokers in the nation, providing highly specialized risk management services to clients in real estate, commercial P&C and employee benefits and to high-net-worth individuals. Based in Harrison, New York, the employee-owned company is consistently recognized as a Best Practices Agency for its commitment to clients, colleagues and its community.
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