BD Capital Partners LLC has acquired Sacramento, Calif.-babsed benefitRFP Inc. and Affiliated Cos. as part of a cash and equity transaction.
Terms of the deal weren’t disclosed.
As a result of the acquisition, BD Capital and benefitRFP have created Nations Choice Trusted Advisors, a risk management firm.
BenefitRFP was co-founded by Bob Nienaber, who will continue to helm the firm. Steffen Nass, co-founder and architect behind benefitRFP’s technology platform, serves as vice president of digital innovation for the new venture. Along with Stephen Campbell, BD Capital’s agency development specialist, they will develop a companion program for commercial lines insurance.
benefitRFP is a direct national provider of executive benefit plan solutions.
Dayton, Ohio-based BD Capital acquires independent insurance agencies.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Intersecting Risks and the Future of Construction Insurance 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
