Wells Fargo & Co. announced Thursday that its insurance arm has acquired EDIFY LLC, an employee benefits consulting firm based in Fort Lauderdale, Fla.
Wells said that the deal was completed on July 1. A transaction price was not disclosed.
Founded in 1996, EDIFY helps middle-market and large companies improve employee wellness and lower the overall cost of healthcare. It works with clients in a variety of industries, from privately held local firms to publicly traded Fortune 500 companies.
EDIFY will be merged into Wells Fargo Insurance Services. Chief Executive Officer Howard Gruverman and President Carlos Castresana have joined Wells and will continue to serve clients from their current locations.