Press

Black Enterprise DEI Summit – Small Business

May 6, 2021

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...
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Use the Side Door

April 21, 2021

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:...
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IMB Partners Promotes Farrah Holder to Managing Director

February 10, 2021

(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...
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Year in Review 2020

January 29, 2021

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...
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IMB Partners is Pleased to Announce Richmond Wholesale into Portfolio

January 19, 2021

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...
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ACG NY Diversity & Inclusion Roundtable Series: The Role of Alpha Seeking LPs in Private Equity Inclusivity

December 8, 2020

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...
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ACG Atlanta PE Panel Discussion

December 8, 2020

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...
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NAIC and The Toigo Foundation Form Partnership to Fuel the Pipeline of Women in Alternative Investments

12/7/2020

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,...
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Memorial for Amber McCants

November 4, 2020

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...
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Investing in Customer Concentrated Businesses

September 15, 2020

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...
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Investing for Purpose and Profit – A Conversation with the Founder of IMB Partners

August 6, 2020

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...
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Trafalgar Capital Partners advises Ashburn Consulting on its Sale to IMB Partners

August 3, 2020

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...
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IMB Partners Acquires Ashburn Consulting, Expanding Its Presence in Government IT Services

July 29, 2020

(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...
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Say Hello to Our New Team Members

July 16, 2020

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...
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We Are Rebranding and Launched a New Website!

July 14, 2020

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...
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A Second Bite at the Apple: e&e’s Two-Step Buyout™

December 19, 2019

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...
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Gender Diversity and IRR: A Formula for Sustainable Progress

August 15, 2019

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...
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Black Investment Firm Expands Into Gas And Electric Industry With Shrewd Acquisition – Black Enterprise

January 31, 2018

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...
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IMB Development Corp invests in LaFata Contract Services – PE Hub

January 30, 2018

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.
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IMB Development Corporation has made an investment in LaFata Contract Services, LLC – Everingham & Kerr, Inc.

February 01, 2018

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...
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IMB Partners Invests In Lafata Contract Services

January 25, 2018

IMB Development Corporation January 25, 2018 [email protected] 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,...
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2017 Highlights And Lafata Contract Services Acquisition

January 25, 2018

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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IMB Partners invests in LaFata Contract Services – PE Hub

January 30, 2018

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Reflections on the Council of Urban Professionals (CUP) 10th Annual Leadership Gala

June 30, 2017

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...
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How One CEO Leveraged A Two-Step Buyout

April 13, 2017

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...
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2016 Highlights And A Sincere Thank You To Our Supporters

February 16, 2017

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...
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IMB Partners Invests In Alder Foods Inc.

June 20, 2016

IMB Development Corporation June 20, 2016 [email protected] 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...
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IMB Partners Invests In E&E IT Consulting Services Inc.

July 19, 2014

IMB Development Corporation July 19, 2014 [email protected] 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...
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