Dayton, Ohio-based BD Capital Partners LLC has acquired Sacramento, Calif.-based benefitRFP in a cash and equity transaction.

As a result of the deal, BD Capital and benefitRFP have created risk management company Nations Choice Trusted Advisors.

BenefitRFP's co-founder, Bob Nienaber, will continue to lead the company. Steffen Nass, co-founder and architect behind benefitRFP's technology platform, was appointed vice president of digital innovation for the newly created Nations Choice Trusted Advisors.

BenefitRFP offers executive benefit plan solutions, and BD Capital Partners buys independent insurance agencies.