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IMA Financial acquires Texas broker

Posted On: May. 4, 2016 12:00 AM CST

The IMA Financial Group Inc. said on Tuesday it has acquired Dallas-based broker Waldman Bros.

The subsidiary, newly dubbed IMA | Waldman, has nearly 70 employees and will offer commercial insurance solutions and employee benefits, IMA said in a statement.

The terms of the acquisition were not disclosed.

Waldman CEO, Steve Waldman will serve as president of IMA | Waldman Texas, and IMA's Rob Broz will serve as IMA | Waldman president Dallas-Fort Worth, according to a statement.

“Joining our established insurance brokerages solidifies the middle market alternative in Dallas-Fort Worth for companies that demand superior client service,” IMA | Waldman Texas president Steve Waldman said in the statement. “Uniting IMA's depth of knowledge and resource-rich environment with Waldman Bros.' complementary expertise will add new services and value to both companies' existing clients.”

IMA Financial Group is based in Wichita, Kansas.