Stewart Information Services Corp. has acquired Devon Title Agency for an undisclosed sum.
Devon is one of the largest title agencies in Michigan, with more than 30 years of providing superior title services to customers across the state.
The transaction highlights Stewart’s continued emphasis on investing in key markets across the country.
“The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” says Steve Lessack, Group President for Stewart, in a release. “Devon is a well-respected brand with a great team of associates who deliver outstanding service to residential, commercial and lender customers. The complementary strengths and capabilities they bring will only further strengthen both companies and create additional opportunities for each as we look to their management team to continue building the Devon brand.”
“We are very excited about joining the Stewart family of companies and with the opportunities to work with their industry leading team of title professionals,” adds Dan Lievois, CEO, Devon Title Agency. “Having the backing of a company like Stewart also provides financial strength and leading-edge technology that will further enhance our growth objectives throughout the Michigan marketplace.”
The company has been aggressively acquiring other businesses for the past year and a half. In August, Stewart acquired Informative Research (IR), a credit, consumer and real estate data and technology services provider serving more than 3,000 customers across the U.S.
In May, it acquired Cloudvirga, a fintech company focused on digital mortgage solutions.
In February, it acquired Signature Closers, a company that provides full- and self-service signing support for title companies and lenders via its e-notary-capable network of notary signing agents and attorneys.
In December 2020, it acquired remote online notarization provider NotaryCam and in October 2020 it acquired Pro-Teck Services, DBA Pro Teck Valuation Intelligence, offering property valuation services.