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Deals & People July 8, 2011
Wells Fargo Acquires EDIFY
Wells Fargo Insurance Services announced the acquisition of
EDIFY, LLC, an employee benefits consulting firm based in Fort
Lauderdale, Florida.
Reported by Sara Kelly
The transaction closed on July 1, buts its terms were not disclosed. EDIFY provides employee benefits programs and customized health and wellness consulting for middle-market and large employers.
EDIFY’s CEO and principal, Howard Gruverman, and president and principal, Carlos Castesana, will join Wells Fargo with their team and continue to service their clients at their current locations.
“We’re excited to provide our clients with access to more resources, financial services, and products,” said Gruverman. “While we have a new name, our clients will continue to be served by the same team of dedicated professionals and receive the superior level of service they’ve enjoyed for 15 years.”