NU Online News Service, July 8, 1:10 p.m. EDT
Wells Fargo Insurance Services says it has acquired EDIFY, LLC, an employee-benefits consulting firm based in Fort Lauderdale, Fla.
Terms of the transaction were not released.
EDIFY provides innovative employee-benefits programs and customized health and wellness consulting for middle-market and large employers focused on improving health and lowering the overall cost of healthcare. Founded in 1996, the company's client base includes local, regional and national businesses from a variety of industries, Fortune 500 companies, and public entities throughout the United States.
Howard Gruverman, chief executive officer and principal of EDIFY; Carlos Castresana, president and principal of EDIFY; and their team, a total of 19 employees, will join Wells Fargo Insurance Services and continue to serve their clients from their current locations.
In a statement, Tom Longhta, regional managing director of Wells Fargo Insurance Services' Florida region, says the acquisition of EDIFY will strengthen the firm's growing presence in Florida.
Wells Fargo Insurance is a subsidiary of San Francisco-based bank Wells Fargo & Co.
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