ABRY Partners Acquires IMG International Insurance Business
International Medical Group, (AKA IMGlobal) has agreed to be acquired by ABRY Partners (ABRY), a leading private equity firm located in Boston, Massachusetts. ABRY will acquire IMG from its current private equity owner, Altaris Capital Partners. As a larger private equity firm and already owning several insurance companies in its portfolio, ABRY is a natural fit for ownership as IMG continues to grow. They have decades of experience investing in high-quality companies and will complement our growth by providing capital to further expand our global presence.
Great News for IMGlobal and their Clients
IMG president and CEO Brian Barwick said: “With decades of experience investing in high-quality companies, ABRY will complement IMG’s growth by providing capital to further expand our global presence.”
Here at International Travel Insurance Group, we are excited about the new owners. We have worked with IMGlobal for over 15 years and they have emerged as an innovator and leader in international benefits, expatriate health plans and travel insurance products. The acquisition but a well respected private equity firm with deep pockets will only serve to enhance their offerings and improve their overall management. We believe thing will get much better going forward – which is great for all of us.
ABRY Partners Comments on the Purchase of IMGlobal
“Over the years, IMG has developed a reputation for excellence in the global insurance and assistance services markets,” said ABRY Partner Brent Stone. “We are excited to welcome such a well-established company to our portfolio and look forward to working with the IMG team.”
About International Medical Group, Inc.
For more than 25 years, International Medical Group — headquartered in Indianapolis, Indiana, U.S.A. — has provided global benefits and assistance services to millions of members in more than 200 countries. We’re committed to being there with our members wherever they may be in the world, helping to deliver Global Peace of Mind®. With 24/7 medical management services, multilingual claims administrators and highly trained customer service professionals, IMG is confident in its ability to provide the products international members need, backed by the services they want.
About ABRY Partners
Founded in 1989 and headquartered in Boston, Massachusetts, ABRY Partners is an experienced and successful private equity investment firm focused on media, communications, insurance, business and information services. Since its founding, ABRY has completed more than $42 billion of transactions, representing investments in more than 450 properties.