Wells Fargo acquires Virchow Krause's benefits segment
Wells Fargo Insurance Services of Minnesota, Inc. said Thursday that they have acquired Virchow, Krause & Co.'s Minneapolis/St. Paul employee benefits operations.
In a press release, Wells Fargo Insurance Services, a subsidiary of San Francisco-based Wells Fargo & Co., said the acquisition closed June 1, but did not disclose terms of the transaction.
The company also said that Jon Ecker, partner and head of the employee benefits practice at the company's Bloomington, MN office, and his team - including Ruth Henderson, Courtnay Merhiy, and Sarah Barton - will join Wells Fargo Insurance Services.
Madison, Wis.-based Virchow Krause is the nation's 15th largest accounting and consulting firm with regional offices in Bloomington, Madison, Milwaukee, Chicago, and Detroit.