Pennsylvania’s Univest Corp. announced that it has completed the acquisition of Gum Insurance, based in Lansdale PA, from the Turner Group of Parsippany NJ. The terms of the acquisition were not disclosed.
“Gum Insurance is an agency providing property and casualty insurance, employee benefits, disability and group insurance for individuals and for commercial clients,” said the announcement. It was founded in 1922 and operates mainly in Southeastern Penna.
Cindy Gum, regional VP for the Turner Group, indicated that by aligning with Univest, whose operating divisions include Union National Bank and Trust Co., Pennview Savings Bank, Fin-Plan Group and George Becker Associates, Gum’s customers would be able to “take advantage of the comprehensive financial products Univest Corporation will be able to provide.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
Business Interruption Claims Arising From the Middle East Conflict 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
