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The brokerage network, part of (NYSE: WFC) said the deal closedx June 1. Terms were not disclosed. According to has been in businesasince 1999, when it was founded by John Grady, and focusex exclusively on health and benefits insurance, with customers in the construction, health-care, auto sales and home developmentg niches. Grady is now managing directord ofemployee benefits. Wells Fargo Insurance Serviced isthe world’s fifth-largest insurance brokerage and the nation’s largest bank-owne brokerage, according to Business Insurance magazine’s 2008 with more than 200 offices in 37 states.
The brokeragee network has been on a buying spree Itbought Novato’s and in early April, and abouyt a month before that acquired Walnut Creek-based , an employede benefits consulting firm that also has offices in Houstobn and Seattle, among other deals in recengt months.
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