In July 2023, IMB Partners (IMB) and eTelligent Group (eTel) formally launched a partnership that was months – even years – in the making. After initially learning about a confidential government contracting business in early 2022, IMB Partners kept its ear to the grindstone and was eager to learn more...

IMB Partners SBIC Fund Approval, New Platform Investment, and More -  2023 was a great year for IMB Partners. Between receiving SBIC License approval, closing a new GovCon platform investment, and being recognized with three awards for our work in the middle market, we were busy last year! Click below...

Watch Tarrus Richardson in this podcast episode with Derek Dingle discussing how he uses his billion-dollar business to develop black businesses and expand diverse representation in the boardroom: https://youtube.com/live/RlcUGfeSMzI?si=c9g2fVQDvH22vY1V

IMB Partners Wins Utilities Deal of the Year Award at the 22nd Annual M&A Advisor Awards November 16, 2023 — IMB Partners (“IMB”) is excited to announce that the firm has been named the winner of the 2023 Utilities Deal of the Year Award by The M&A Advisor at the...

IMB Partners (“IMB”) announces that it has received a license from the U.S. Small Business Administration (“SBA”), to operate IMB Partners SBIC Fund I, L.P. (“SBIC Fund”) as a Small Business Investment Company (“SBIC”). “IMB is excited to partner with the SBA on our first dedicated SBIC Fund,” says Tarrus...

BETHESDA, MD / WOODCLIFF LAKE, NJ, July 18, 2023 – IMB Partners (“IMB”), a leading middle market private equity firm specializing in utility, industrial, and government contracting services (“GovCon”), today announced its strategic investment in eTelligent Group (“eTel”), a premier provider of emerging technologies and program management solutions to the...

BETHESDA, MD, March 28, 2023 – IMB Partners (“IMB”) announced the appointment of Lenora Robinson Mills as Chief Operating Officer (COO). Lenora Robinson Mills is IMB’s first Chief Operating Officer, bringing over 16 years of experience in operations, investment banking and private equity. Mills joins IMB from the DC Public...

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...

IMB Partners is honored to have won iGlobal Forum's Inaugural Independent Sponsor Awards for Diversity ESG of the Year on February 2, 2023, in Miami, Florida. Why? We are 100% Minority Owned and Minority Partners. We have bought 3 women-owned businesses and 1 minority-owned business. We have implemented Diversity, Equity...

The milestone for the rising private equity firm follows over 12 years in business and three major transactions in 2022 January 26, 2023 – IMB Partners (“IMB”), a leading middle market private equity firm specializing in government contractors in food, cybersecurity and IT services, and electric and gas utilities, today...

Excerpt from Middle Market Growth Article featuring Farrah Holder: December 14, 2022 - 4 Deal Sourcing Trends Shaping 2023 From the types of deals in demand to how they’re sourced, here are four themes to watch in 2023. By Carolyn Vallejo, Anastasia Donde, Katie Mulligan and Sue Ter Maat PE...

IMB Partners Builds Infrastructure Portfolio with Investment in Farwest Corrosion Control Company Second strategic investment this year to align with US Infrastructure Bill   BETHESDA, MD, AND DOWNEY, CA October 28, 2022 – IMB Partners (“IMB”), a leading middle market private equity firm specializing in utility, industrial, and government contracting...

Industry Leaders Anser Advisory and LCS Join to Create a National Energy and Utility Services Powerhouse Anser Advisory, the 14th largest program management firm according to ENR, the second fastest growing AE firm according to Zweig Group, and a Certified Great Places to Work organization, and LaFata Contract Services (“LCS”),...

IMB Partners boosts its internal team with two new Operating Partners, a new Managing Director and an internal promotion BETHESDA, MD, [MAY 5, 2022] – IMB Partners (“IMB”), a leading middle market private equity firm specializing in the utilities and industrial services and government contracting, IT, cybersecurity and food supply sectors,...

Women in M&A have come a long way over the last 30-plus years, making continual inroads into what has traditionally been a male-dominated field. While this movement is still evolving, women are often founders, heading up or holding senior posts at investment banks, business brokerages, private equity, and other advisory...

IMB Partners and Carr & Duff will partner to support the next phase of the company’s growth BETHESDA, MD, AND HUNTINGDON VALLEY, PA, MARCH 15, 2022 – IMB Partners (“IMB”), a leading middle market private equity firm specializing in utility and government agency services, today announced that it has agreed...

Meet the Woman Driving IMB Partners’ Successful Business Development with Empathy and Resilience -  An interview with Farrah Holder, Managing Director at IMB Partners, a lower-middle-market PE firm in Bethesda, Maryland. If you're looking for someone who knows how to drive success in business development and marketing, Farrah Holder is...

As we reflect on 2021, we’d like to celebrate IMB Partners' core value of Partnership and People First.  We value our relationship with you and welcome any opportunity to connect. We’d like to introduce you to some of our newest faces and to share the accomplishments of our portfolio companies...

IMB Partners congratulates its very own Nate Chen for his 3rd place podium finish at Englishtown, NJ on July 25th! Nate is IMB’s Senior Associate by day and a professional Formula Drift PROSPEC series race car driver on weekends. It's pretty cool seeing our logo "drifting" down the racetrack in...

May 6, 2021: Black Enterprise DEI Summit - Small Business. Tarrus Richardson, CEO of IMB Partners discusses actionable steps with Raul Suarez-Rodriguez, Director, Global Economic Inclusion and Supplier Diversity of Merck, LaToya Williams-Belfort, Executive Director of 15 Percent Pledge and Alfred Edmond Jr., SVP/Editor at Large of Black Enterprise on...

Tarrus Richardson recently participated in a Vlog with Jordan Selleck from 51 Labs and shared some insightful lessons. Here is a small excerpt: I know what it’s like to not be invited into the room. As a matter of fact, that feeling taught me one of the most important lessons:...

(Bethesda, MD – February 10, 2021) IMB Partners (IMB), a leading private equity firm focused on lower middle market companies serving government agencies and electric and gas utilities, announced today that Farrah Holder has been promoted to Managing Director, effective immediately. Farrah joined IMB in 2016 and previously served the...

Dear Investors, Colleagues, and Friends, As we embark on a new year, we would like to share our reflections on a challenging but productive 2020. Thank you for your continued interest and support of IMB Partners which has made our success possible. Our 2020 highlights include: Founding Sponsor of the NAIC...

On December 31, 2020, IMB Partners (“IMB”) recapitalized and made a growth equity investment in Richmond Wholesale Meat Company ("Richmond").  Founded in Richmond, California in 1959 by the Doellstedt family, Richmond is a leading food manufacturer and global exporter to the US military. Richmond is led by the second generation of...

LPs are actively seeking opportunities to improve their returns and provide opportunities for emerging, woman run and diverse fund managers. Fewer than one in 10 senior Private Equity professionals are women. Amid increased PE fund manager competition and historical rich valuations, PE returns have continued to trend downward. Following a...

ACG Atlanta & NAIC hosted a discussion on increasing the flow of capital to diverse investment managers. The expert panel, which included Farrah Holder from IMB Partners, addressed diversity in driving middle market growth, the current state of the industry, and provided their perspectives into what lies ahead. This virtual event...

WASHINGTON, December 7, 2020 – To help support early-career women interested in exploring careers in alternative investments, the National Association of Investment Companies (NAIC) and the Toigo Foundation (Toigo) today announced a partnership to launch the NAIC Paradigm Changers Undergraduate and Graduate Internship Program, which includes education, career development programming, mentoring,...

It is with heavy hearts that we are sharing that our dear friend and colleague, Amber McCants, passed away on October 23, 2020 due to complications from lupus. Amber joined IMB in 2012 as a Managing Director and made significant contributions to our growth and success over the last eight...

Customer concentration – something you’ll rarely ever see on an investor’s M&A criteria checklist. And for good reason, too. Losing one customer from a concentrated customer base can have a profound impact on a business’ bottom line. BUT, in the right situations, and with the right capital partner, investing in...

Tarrus Richardson’s journey through the world of private equity has been nothing short of inspiring. From the floors of Solomon Brothers in the 90s, to starting an investment bank in Ghana, to the eventual founding of his current firm, IMB Partners, Tarrus has dedicated his professional life to making a...

WASHINGTON, Aug. 3, 2020 /PRNewswire/ -- Trafalgar Capital Partners, LLC ("TCP") is pleased to announce that it was the exclusive advisor to Ashburn Consulting LLC ("Ashburn") on its acquisition by IMB Partners ("IMB"). The transaction led by Managing Director Frantz Casseus, and seller counsel was Venroy July of Miles & Stockbridge. Tarrus Richardson, IMB's CEO is...

(Bethesda, MD – July 29, 2020) On July 14, 2020, IMB Partners (“IMB”) made a growth equity investment in Ashburn Consulting LLC (“Ashburn”), a leading Northern Virginia-based information technology consulting firm that specializes in providing network engineering and cybersecurity solutions to federal, state and local governments and commercial clients. The...

We Welcome Kelvin, Derrick, Assiatu and Vourneen We are growing! Over the last six months, we have created more leverage and capacity by adding four new team members: Kelvin Pennington, Derrick Weatherspoon, Assiatu Williams, and Vourneen Clifford. They look forward to working with you. Here are some useful and fun...

IMB Development Corporation is changing its name to IMB Partners. We think our new name more closely reflects our commitment to partnerships and people first. With our new name, we also have new branding and a new website. Check us out and let us know what you think: www.imbpartners.com Please...

By Farrah Holder Why sell your business once when you can sell it twice? IMB proposed a Two-Step Buyout™ to the Etter Family in the summer of 2014, when IMB purchased a majority interest in e&e IT Consulting, Inc. from its co-founders, Linda and Tracy Etter. Founded in 2002, e&e...

The statistics are discouraging. Women globally hold 18 percent of roles in private equity and 9.4 percent of senior roles, according to a 2017 PricewaterhouseCoopers report. This figure is even worse than venture capital (11.5 percent women in senior roles) and hedge funds (11.2 percent). Encouragingly, pressure is ramping up...

Adding to a broad mix of companies it owns, builds up or capitalizes, IMB Development Corp. has acquired LaFata Contract Services (LCS) for an undisclosed amount. IMB Development is a New York City-based black investment firm that invests in companies in various industries with annual revenues from $10 million to...

Tarrus Richardson, IMB’s CEO, says the partnership will allow LCS to potentially open new offices in Maryland, Illinois, and California. It will provide services to electric and gas utilities in those states as well as construction companies.

Everingham & Kerr, Inc. announced today that IMB Development Corporation(“IMB”) has made an investment in LaFata Contract Services, LLC (“LCS”). Terms of the transaction were not disclosed. IMB, a leading private investment firm, announced today it has made a partnership investment in LCS, a $16million project and construction management company...

IMB Development Corporation January 25, 2018 fholder@imbdc.com IMB Development Corporation Invests in LaFata Contract Services to Accelerate the Growth of a Unique Utility Service Provider (KING OF PRUSSIA, PA) - IMB Development Corporation, a leading private investment firm, announced today it has made a partnership investment in LaFata Contract Services,...

January 25, 2018 Dear Valued Friends and Investors, Happy New Year! It’s becoming a tradition that we connect with you at this time of the year to reflect on the previous year and to celebrate and appreciate you for your continued interest and support of IMB. We remain steadfast in...

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On the evening of June 28, 2017, over 500 individuals gathered at the Council of Urban Professionals (CUP) 10th Annual Leadership Gala to celebrate corporate excellence, diversity and inclusion, and giving back as a community. CUP is the largest leadership organization that connects, empowers, and mobilizes diverse business and civic...

Linda Etter — CEO, president, and owner of IT staffing services company e&e —and her husband Tracy Etter, the company’s secretary/treasurer, had seen great growth in their business since its inception in 2002. In 2014, they began thinking about selling e&e outright as the demands on them and their team...

February 17, 2017 Dear Valued Friends and Investors, This year is off to a fast start. Before we get too far into the year, we wanted to reflect on 2016 and thank you for your continued interest and support of our efforts to buy and/or build minority and women-owned businesses...

IMB Development Corporation June 20, 2016 info@imbdc.com IMB DEVELOPMENT CORPORATION INVESTS IN ALDER FOODS INC.To Accelerate the Growth and Expansion of One of the Country’s Largest Suppliers to Military Markets (WALPOLE, MA) -IMB Development Corporation, a leading private investment firm,today announced it has made a partnership investment in Alder Foods...

IMB Development Corporation July 19, 2014 info@imbdc.com IMB DEVELOPMENT CORPORATION INVESTS IN e&e IT CONSULTING SERVICES INC. Commitment Will Accelerate the Growth and Expansion of the Premier IT staffing services firm in Central Pennsylvania and Surrounding Areas (MECHANICSBURG, PA) - IMB Development Corporation, a leading private investment firm, today announced...