Sunstar Insurance Group, backed by Reverence Capital, has acquired RJR Faribo, a Minnesota-based insurance agency. No financial terms were disclosed. Headquartered in Memphis, Sunstar is an independent insurance broker. RJR’s 22 employees join Sunstar as part of the deal.

RJR Faribo traces its roots to the 1930s, with the present company formed in 1986 when Rooke & Company, Tuthill-Johnson & Associates and Renslow & Associates merged to form Rooke, Johnson & Renslow Insurance Agency, Inc. Mark Lancaster serves as CEO of RJR.

“RJR Faribo exemplifies the type of agency that is central to our long-term growth strategy,” said Adam Meyerowitz, CEO of Sunstar. “Mark and his team have built an outstanding business with a respected reputation and deep roots in the Minnesota market. As we continue to expand our footprint and invest in our platform, partnerships like this enhance our capabilities and position us for sustained growth. We are excited to welcome the RJR Faribo team to Sunstar and look forward to building on their foundation.”