Univest Corporation and its insurance subsidiary, Univest Insurance has bought Javers Group, which offers comprehensive human resource management, payroll and administrative services.
The acquisition of Javers will enable the underwriter to strengthen its footprint in insurance and employee benefits business, said the acquirer.
Commenting on the takeover of the new business segment, Univest Corporation chairman, president and CEO William S Aichele said that the growth of the Univest Insurance business through acquisition is part of their long term strategy to diversify their business, giving consumers and businesses in the region convenient access to a complete range of financial solutions from one company.
"Javers' experienced team of professionals strengthens Univest's ability to serve the insurance, benefits, workers' compensation and human resources needs of businesses and individuals," Aichele added.
Univest Insurance, an independent insurance agency, provides property and casualty insurance, employee benefits, and life, health and disability insurance for individuals, businesses and nonprofit clients.
