Venbrook Group, LLC (Venbrook), one of the largest independent insurance distribution and services firms in the U.S., announced today the acquisition David Morse & Associates (DMA). Since partnering with Parthenon Capital, a leading growth-oriented private equity firm, in 2020, the company has experienced a year of rapid growth.
Headquartered in Glendale, CA, DMA is an industry-leading independent adjuster servicing more than 40 states nationally with over 150 locations. DMA further enhances Venbrook Claims Services division's world-class suite of adjusting, investigation, subrogation, and claims administration services. DMA was advised on the transaction by Waller Helms Advisors.
"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."
"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."