The insurance unit of Wells Fargo & Co. has purchased ISU Stetson-Beemer Insurance, an insurance brokerage and consulting firm in Reno, Nev.
The purchase closed on Sept. 1. Terms of the deal were not disclosed.
Stetson-Beemer, founded in 1923, provides a range of insurance, including employee benefits and commercial property and casualty insurance. President Richard Schield and a team of about 24 employees will join Wells Fargo Insurance Services’ Reno office.
This is the second acquisition this year of a small firm announced by Chicago-based Wells Fargo Insurance Services USA Inc. The company announced in early January they acquired Prestige Professional Plans, a single office, employee benefits insurance brokerage firm located in Dayton, Ohio.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Business Interruption Claims Arising From the Middle East Conflict 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
Palm Beach Billionaires Feud Over Who’s Really Protecting the Everglades 
