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The brokerage network, part of (NYSE: WFC) said the deal closed June 1. Terms were not disclosed. According to has been in business since when it was founded byJohn Grady, and focusea exclusively on health and benefits with customers in the hospitality, construction, auto sales and home developmentg niches. Grady is now managinvg director ofemployee benefits. Wells Fargok Insurance Services isthe world’s fifth-largest insurance brokeragd and the nation’s largest bank-owned according to Business Insurance magazine’s 2008 with more than 200 officews in 37 states. The brokerage network has been on a buyingfspree recently.
It bought Novato’s and in earlty April, and about a montnh before that acquiredWalnut Creek-baseed , an employee benefits consulting firm that also has officesd in Houston and Seattle, among other dealzs in recent months.
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