Venbrook Group LLC, an independent insurance distribution and services firm in the U.S., has acquired RD Parisi Associates Inc. and David Morse and Associates. Venbrook partnered with Parthenon Capital, a growth-oriented private equity firm, in 2020.
Based in New Jersey, RD Parisi offers a range of employee benefits products. Headquartered in Glendale, CA, DMA is an independent adjuster.
“Joining forces with RD Parisi and DMA marks an exciting milestone in Venbrook’s evolution,” said Jason Turner, Venbrook president and CEO. “We have long admired both companies, their business acumen and culture. Their unparalleled expertise and world-class talent are a great addition to our company. With Parthenon’s ongoing support through financial growth capital and strategic expertise, we continue to see a very bright future of growth.”
“We couldn’t be happier to join the Venbrook fold,” said Duke Snider, CEO of DMA. “In these changing times, we have remained decidedly old school, with service at a customer’s fingertips and always with a human touch. Partnering with Venbrook will allow us to continue to deliver the same level of service our clients have come to expect. Venbrook has a stellar team starting with Jason.”
“Venbrook has an outstanding industry reputation and leadership team. We’re thrilled with the acquisition and the ability to offer our clients a broader portfolio of products and services through the Venbrook platform,” said Rob Parisi, founder and president of RD Parisi. “We’ll continue delivering the same level of personalized customer service our clients have always valued and now with more capability and resources. Truly, it’s a win for everyone.”
“When we first invested in Venbrook in 2020, we saw an incredible opportunity to partner with an energetic team and back an aggressive plan for both organic and strategic growth,” said Andrew Dodson, managing partner at Parthenon Capital. “We are pleased to continue to support that plan with these acquisitions and remain extremely optimistic about Venbrook’s growth trajectory.”
RD Parisi was advised on the transaction by Kenneth Helfer, president and managing partner of Helfer & Associates LLC. DMA was advised on the transaction by Waller Helms Advisors.