Location: New York, NY
Industry: Professional services
Professional Services – small
DONE DEAL: In March 2015, TitleVest was purchased by First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions. “TitleVest remains a separate entity under First American’s umbrella, but has the strength of First American as an added benefit,” says Brian Tormey, president of TitleVest. The company is working to leverage that strength to expand its portfolio of technologies and services. “The negotiation hurdles and logistics of the acquisition took some time to iron out, but senior executives from both firms forged a strong relationship over the course of the negotiations and, ultimately, they successfully navigated the final sessions,” says Tormey.
Quick Tip: “While there is always a chance that placing trust and allowing for vulnerability could backfire, building solid trust relationships is the key to true success.”
BIG IMPACT: TitleVest secured New York Law Journal’s Best Title Agency award for the third year in a row in 2015, after joining First American. “Both companies are aligned in creating a supportive and team-oriented environment for their employees to help team members do the best work of their careers,” says Tormey. “With the backing of First American, TitleVest has retained its resolute dedication to transforming the way business is done in the title insurance and real estate industries.”