Steadfast’s wholly owned National Credit Insurance Brokers (NCIB) has purchased IMC Trade Credit Solutions.

IMC, which has offices in Sydney, Melbourne and Brisbane, is forecast to report normalised earnings before interest, tax and amortisation of $800,000 this financial year.

The company launched in 2008 and became part of the Steadfast network last year.

“We are pleased to support NCIB acquiring another Steadfast broker,” Steadfast CEO Robert Kelly said.

“Both IMC and NCIB specialise in credit insurance and credit risk management, where we see cross-selling opportunities within the Steadfast network.”

NCIB has more than 130 staff, mainly in Australia and New Zealand.

The brokerage, which opened an office in Singapore in 2011, has run as a stand-alone business since it was acquired by Steadfast last year.