IMB Development Corporation

IMB Development Corporation is a privately held investment firm headquartered in Bethesda, Maryland. The company employs 20 people and reports annual revenue of $2.5 million. IMB Development Corporation specializes in building large Minority Business Enterprise (MBE) companies. They achieve this through acquisitions and partnerships with both non-minority-owned and minority-owned businesses operating within the electric and gas utilities and government sectors. Their investment approach combines private equity principles with their proprietary Two-Step Buyout and MBE Sales Advantage strategies. Current company platforms managed by IMB include utility services, IT services, food distribution, and insurance. IMB Development Corporation targets companies with $10 to $250 million in revenue or those with $5 to $25 million in EBITDA. They invest long-term junior and equity capital on a deal-by-deal basis, utilizing both their own capital and funds from institutional investors, family offices, and high net worth individuals. For further information, visit their website at imbdc.com.