In a move that will expand its footprint in 11 states, First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, is acquiring Mother Lode Holding Co., a California-based provider of title insurance, underwriting and escrow services.
Terms of the deal were not disclosed.
Mother Lode Holding Co. serves both the residential and commercial real estate markets. It has 17 operating subsidiaries throughout the U.S., including its principal subsidiary Placer Title Co.
Mother Lode Holding Co. has 92 offices in 11 states. Its subsidiaries operate primarily in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico.
“Mother Lode Holding Company’s reach, expertise and commitment to superior customer service aligns well with our existing operations and will augment our efforts to expand our coverage in key growth markets,” says Dennis J. Gilmore, CEO at First American, in a release. “With Mother Lode Holding Company and its subsidiaries, we will expand our ability to serve customers throughout many of the strongest housing markets in the U.S.”
