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Univest and its insurance subsidiary acquire Liberty Benefits

IBR Staff Writer Published 31 December 2008

As part of the acquisition Liberty Benefits is expected to begin operating under the name Univest Insurance

Univest of Pennsylvania and its insurance subsidiary, Univest Insurance, have acquired Liberty Benefits, an employee benefits brokerage and consulting firm.

 

According to Univest, the acquisition expands its growing insurance business and increases its capabilities to deliver employee benefit services.

 

As part of the acquisition, Univest will relocate the eight employees from the Conshohocken office to its current insurance offices located at Lansdale and West Chester, Pennsylvania. In addition to the office relocation, . Liberty Benefits's Maryland office, with its three employees, will continue to operate in its current location in Upper Marlboro, Maryland.

 

William Aichele, chairman, president and CEO of Univest, said: Growth of the Univest Insurance business through acquisition continues to be a long-term strategy, positioning Univest as a major provider in the region.

 

Liberty Benefits, under the leadership of Ronald Flaherty, has consistently been recognised as one of Greater Philadelphia's fastest growing companies, winning 'Philadelphia 100' recognition for three consecutive years. Clearly, this acquisition brings Univest tremendous business growth opportunities as well as new, experienced talent to help us grow our company.

 

Univest's Financial services For Life! include banking, insurance, investments, trust, wealth management, and mortgage banking services.