Richard Colton to Lead Wells Fargo Insurance Mergers and Acquisitions Industry Practice
30-year industry veteran will support clients pursuing private
equity-related mergers and acquisitions
Wells Fargo Insurance, part of Wells Fargo & Company (NYSE: WFC), named
Richard Colton head of its Mergers and Acquisitions Industry Practice.
Serving middle market and large corporate customers, including private
equity firms, the practice provides clients with insurance, risk, due
diligence, and employee benefit services and solutions. In his role,
Colton will work closely with clients pursuing opportunities with
private equity-related transactions, as well as lead related sales and
growth initiatives, and operations. Based in New York, he will report to
Peter Gilbertson, regional managing director for Wells Fargo Insurance’s
Northeast region.
“Throughout his career, Richard has been a pioneer in developing private
equity-related risk and insurance solutions,” said Gilbertson. “Under
his leadership, Wells Fargo Insurance will not only better serve our
customers, but will be a valuable resource for other businesses
throughout the company that serve the private equity industry.”
The Wells Fargo Financial Sponsors Group, part of Wells Fargo
Securities, is one of the other business lines that benefits from the
practice. “The credibility and leadership that Richard brings to this
vital service nicely rounds out our offering of corporate and investment
banking products and solutions to our private equity clients,” said
Brian Van Elslander, managing director and head of Wells Fargo Financial
Sponsors Group.
Colton previously served as co-founder of Aon’s mergers and acquisitions
group and was also former chairman of Lockton’s mergers and acquisitions
group. He received his Bachelor of Science degree from Long Island
University.
About Wells Fargo Insurance
Wells Fargo Insurance1 is the fifth largest insurance broker
in the world (Business Insurance, 2012). With 127 offices in
37 states, Wells Fargo Insurance provides solutions for a wide range of
customers, including retail consumers, high net worth individuals, small
businesses, as well as middle market and large corporate customers. The
7,000 insurance professionals of Wells Fargo Insurance write or place
$15 billion of risk premiums annually in property, casualty, benefits,
international, personal lines, and life products and also includes the
nation’s largest crop insurance provider, Rural Community Insurance
Services (RCIS).
About Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s
customers who conduct business in the global economy. With more than
265,000 team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2012 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy all our customers’ financial needs and help
them succeed financially.
1Ranking includes Wells Fargo Insurance Services USA,
Inc., Wells Fargo Insurance Services of West Virginia, Inc., Wells Fargo
Insurance, Inc., and Rural Community Insurance Company