ABD Insurance and Financial Services, a part of Wells Fargo Insurance Services, has acquired the assets of Santa Rosa, Calif.-based Martin Financial/Insurance Services. The acquisition adds to Wells Fargo’s Northern California presence, which now totals 2,500 team members in 51 cities across the region including 147 banking stores and 12 insurance brokerage offices.
Founded in 1981, Martin Financial/Insurance Services works primarily in the areas of group and individual health, life, disability, dental and vision – focusing on the employee benefit needs of groups ranging in size from one to several hundred employees, including both fully insured and self-funded plans.
Company shareholder Bud Martin and six Martin Financial/Insurance Services team members will integrate their current practice into the Wells Fargo of California Insurance Services’ North Bay operations. Terms of the transaction were not disclosed.
“We’ll continue to look for agency acquisitions that fit our vision, values and geographic needs,” said Dave Zuercher, president, chairman and CEO of Wells Fargo Insurance Services.