Univest Corporation of Pennsylvania, parent company of Univest Bank and Trust, has agreed to acquire Girard Partners, an investment advisory firm with more than US$500 million in assets under management.
The deal, which is subject to regulatory review and other customary closing conditions, is expected to close in January 2014.
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As part of the deal, Girard Partners will continue to operate with its present management structure out of their main office in King of Prussia, Pennsylvania and satellite offices in Virginia and Florida.
The acquisition will increase Univest’s assets under management to US$3.0 billion and will further enhance its advisory capabilities.
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