Wells Fargo Insurance Services Acquires Kinney Agency

Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., announced it has acquired Kinney Agency Inc., a single office, commercial insurance brokerage firm located in Albuquerque, N.M. The acquisition closed on July 1, 2010. Terms of the transaction were not disclosed.

Bart Kinney, managing shareholder of Kinney Agency, said customrs will continue to be served by the same team of insurance professionals. Serving customers in New Mexico since 1963, Kinney Agency provides commercial property and casualty insurance, specializing in contractor’s general liability, contract surety bonding, and other construction-related risks, as well as retail and light industrial risks. The firm also offers customers employee benefits and personal insurance services.