IMA Financial, a nationwide insurance brokerage and wealth management firm, has lined up growth capital from Oak Hill and New Mountain to grow its commercial insurance, employee benefits, and risk management services.

The recapitalization provides resources to deepen its presence across middle-market and corporate client segments without altering the existing management structure.

IMA Financial operates through a network of local offices serving clients across the U.S. The firm delivers property and casualty insurance, employee benefits, specialized risk advisory, wealth management, and retirement plan services.

It targets middle-market businesses and larger corporations, using a decentralized office model to tailor programs locally.

Oak Hill and New Mountain each have track records backing founder-led and management-owned companies in financial and business services.

The sponsorship pairs IMA Financial with institutional capital while the management team holds a significant equity stake, a structure common in insurance brokerage to fuel both organic growth and add-on acquisitions.

No financial terms or advisor roles were disclosed.

The insurance brokerage sector has drawn sustained sponsor interest as firms seek capital to consolidate local markets and invest in technology-enabled delivery.

IMA Financial’s recapitalization positions it to pursue that playbook under its existing leadership.