-Wells Fargo Insurance acquires EDIFY, LLC.
Global Banking News - 07 July 2011
Wells Fargo Insurance Services, a part of Wells Fargo & Company (NYSE: WFC), has said that it has acquired EDIFY, Llc, an employee benefits consulting firm based in Fort Lauderdale, Florida.
The acquisition was closed on July 1, 2011 and terms of the transaction have not been disclosed. Howard Gruverman, CEO and principal of EDIFY, Carlos Castresana, president and principal of EDIFY, and their team will join Wells Fargo Insurance Services and continue to serve their clients at their current locations.
'EDIFY has a highly respected and experienced team of professionals whose strong client focus fits our business model,' said Tom Longhta, regional managing director of Wells Fargo Insurance Services, Florida region. 'They will strengthen our growing presence in Florida and further support Wells Fargo's commitment to help customers succeed financially by addressing their insurance needs,' he added.
Founded in 1996, EDIFY provides innovative employee benefits programs and customised health and wellness consulting for middle-market and large employers, focused on improving health and lowering the overall cost of healthcare.
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