Acquisitions Remain Future Growth Strategy for IMB Partners as Black Firm Achieves $1 Billion Revenue Mark
February 6, 2023
Excerpt from Black Enterprise Article featuring IMB Partners:
February 6. 2023 – ACQUISITIONS REMAIN FUTURE GROWTH STRATEGY FOR IMB PARTNERS AS BLACK FIRM ACHIEVES $1 BILLION REVENUE MARK
By Jeffrey McKinney
For IMB Partners, acquisitions will remain an integral part of the Black investment firm’s robust growth.
The Bethesda, MD-based IMB recently announced its tremendous growth in 2022 with over $1 billion in revenue reached across its portfolio of investments. The firm reported the achievement came from 12 years of strategic investments and acquisitions, backed by an expert team of over 15 talented investment professionals. And the firm’s vigorous pace continues to increase.
IMB founder and CEO, Tarrus Richardson, shared on the growth in an email with BLACK ENTERPRISE. “IMB Partners began in 2010, and in 2022 we achieved $1billion in revenue. Our focus on investing in middle-market companies with specialized services and capabilities in defensible markets allowed us to avoid the downturns that so many other sectors face. Our sector expertise in government contracting and utility/infrastructure services will serve us well as we pursue 2-3 acquisitions in the coming 18 months.”
To read the full article on Black Enterprise click here.