March 26, 2010 – Caltius Equity Partners, in partnership with Kevin Mencarelli, former CEO of the West Coast division of USI Insurance Services, has acquired a controlling interest in Diversified Human Resources, Inc ("DHR"). Founded in 1996, DHR is an outsourced human resource company that provides human resource and insurance brokerage services, payroll processing, and temporary staffing solutions for a broad range of clients. DHR is headquartered in Phoenix and has offices in Texas, Nevada, Colorado and California. "I am excited to join a team that has built such a strong foundation; together with management, we will continue to improve and innovate new client services that expand the company's reach and improve the value proposition to our clients across the country," said firm president Mr. Mencarelli.
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