IMA Financial Group Inc. said Thursday it is entering the Florida market through a merger with Wallace Welch & Willingham Inc.
Terms were not disclosed.
Wallace Welch & Willingham has 155 staff and nearly $30 million in annual revenue, Denver-based IMA said in a statement.
The St. Petersburg-based brokerage places commercial and personal lines property/casualty insurance and employee benefits, with significant business in auto dealerships, construction, country clubs, hospitality, manufacturing, marine and nonprofits, the statement said.
IMA is the 21st-largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.
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