IMG to be acquired by ABRY Partners
Indianapolis, US-based International Medical Group, Inc. (IMG) has signed a definitive agreement to be acquired by ABRY Partners, a private equity firm based in Boston.
Brian Barwick, president and CEO of IMG, said of the deal: “ABRY is a natural fit for ownership as IMG continues to grow. With decades of experience investing in high-quality companies, ABRY will complement IMG’s growth by providing capital to further expand our global presence.” He added that there would be no impact on employees, producers or clients from the purchase.
Todd Hancock, chief operating officer and executive vice-president of IMG, added: “ABRY shares our vision, energy and commitment to being there to protect and enhance the health and wellbeing of our constituents.”
Brent Stone, partner at ABRY, also commented on the deal: “Over the years, IMG has developed a reputation for excellence in the global insurance and assistance services markets. We are excited to welcome such a well-established company to our portfolio and look forward to working with the IMG team.”