Univest acquires Allentown benefits firm

Univest Corp. of Pennsylvania said today that it has acquired Trollinger Consulting Group, an independent actuarial, administrative, consulting/compliance, and investment counseling firm for municipal pension plans.

TCG, which is based in Allentown, was founded in 1994 by Steven M. Trollinger, who will join Univest as a senior vice president and continue to lead the six employees in their Allentown office. His firm serves about 70 municipal accounts throughout the state.

Terms of the TCG acquisition were not immediately available.

This is Univest's second acquisition this week: On Monday, it acquired Conshohocken-based employee benefits broker Liberty Benefits Inc. for $3.53 million paid at closing and performance-based annual payments that could bring that total price to $5 million.

Company shares were priced at $32.45 in midmorning Nasdaq trading, up 6 cents.