Panagiotu Pension Advisors Inc. of University Place has acquired a similar firm, 40-year-old Compensation Consultants Inc. of Port Orchard.

The two teams of employees will be jointly located in PPA’s University place offices.

With this transaction, Tony Panagiotu’s company is now one of the largest 401(k) and retirement plan administrative teams on the West Coast with a staff of 45 professionals.

PPA now provides compliance services to over 1,800 companies with assets of more than $3 billion in some 30 states.