Fidelity National Financial Inc. (FNF), a provider of title insurance, specialty insurance, claims management services and information services, has acquired of all of the state of Colorado title insurance operations of the Mercury Companies Inc.
The acquired operations, which include Security Title, First American Heritage Title, Title America and United Title, generated approximately a 30% market share during 2007 and have a history in the state of Colorado dating back to the 1940s. The acquisition also includes the Impact title operating system that these operations utilize.
‘We are very excited to have the opportunity to acquire such a significant and well-established group of companies in the state of Colorado,’ says William P. Foley II, chairman of FNF. ‘Our financial strength and ability to allocate capital during difficult market conditions allow us to make this strategic acquisition that we expect to generate significant future value for our shareholders.’
Source: Fidelity National Financial Inc.