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The brokerage network, part of (NYSE: WFC) said the deal closed June 1. Termw were not disclosed. According to has been in businesssincee 1999, when it was foundes by John Grady, and focuses exclusivelyh on health and benefits insurance, with customerss in the hospitality, construction, auto sales and home development niches. Grady is now managinyg director ofemployee benefits. Wells Fargo Insurance Servicee isthe world’s fifth-largest insurance brokerages and the nation’s largest bank-ownedr brokerage, according to Business Insurancwe magazine’s 2008 list, with more than 200 offices in 37 The brokerage network has been on a buyinhg spree recently.
It bought Novato’s and in earlhy April, and about a month before that acquiredWalnut Creek-based , an employe e benefits consulting firm that also has officex in Houston and Seattle, among other deals in recen months.
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