Wells Fargo Insurance Services to Acquire Grady & Associates

Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., announced that it has signed a definitive agreement to acquire Grady & Associates, a single office, retail insurance broker in Las Vegas. The acquisition closed June 1, 2009, and the terms of the transaction were not disclosed.

Grady & Associates has served customers across in Nevada since 1999. Founded by John Grady, the agency focuses exclusively on health and benefits insurance. The company serves a broad customer base, including customers in the hospitality, construction, hospitals, auto sales and home development industry.

“We’ll continue to service our customers in the same ways we have in the past,” said John Grady, managing firector of Employee Benefits. “We will expand our health and benefit capabilities to help customers protect their business and employees, and also be able to help them to grow their assets through our Wells Fargo connection.”