First American Title Insurance Co. Acquires Security Land Title Co.

Strategic Insights -

First American Title Insurance Co., a leading title insurer, has announced plans to acquire Security Land Title Co. in Kansas City, Missouri, expanding its presence in the region. The acquisition, which will retain Security Land's name and brand, is expected to provide enhanced services and opportunities for customers and employees. Security Land Title Co. has a long history, dating back to 1974 when it was founded by Jack Kerwin. The company has grown to employ over 200 staff across 11 locations, serving the real estate industry in the Kansas City area.

Key Takeaways:

  • First American Title Insurance Co. is acquiring Security Land Title Co. in Kansas City, Missouri, expanding its presence in the region.
  • The acquisition will retain Security Land's name and brand, and Jack Kerwin, one of the founders, will stay on as president.
  • The company has a long history, dating back to 1974 when it was founded by Jack Kerwin.
  • Security Land Title Co. has over 200 employees across 11 locations, serving the real estate industry in the Kansas City area.
  • The acquisition complements First American's other Kansas City-area acquisitions, increasing its geographic coverage.
  • The new combined entity will offer a broader selection of products and services to customers and additional opportunities for employees.
  • Security Land's co-owners, Terry Anderson, Ed Gomez, and Bill Perry, will serve in executive and leadership roles.
  • The acquisition is part of First American's strategic expansion in the region, following Fidelity National Financial Inc.'s acquisition of Chicago Title Corp.

Statistics:

  • First American Title Insurance Co. has over 200 employees across 11 locations in the Kansas City area.
  • The company has a long history, dating back to 1974 when it was founded by Jack Kerwin.
  • First American's primary business segments include title insurance and real estate information and services.
  • The acquisition complements First American's other Kansas City-area acquisitions, increasing its geographic coverage.
  • Fidelity National Financial Inc.'s acquisition of Chicago Title Corp. was worth approximately $1.2 billion.
  • The combined market share of Fidelity National Financial Inc. and Chicago Title Corp. would make them the largest title insurer in the country.

Sources:

  • "First American Title Insurance Co. Acquires Security Land Title Co." by Caroline Saucer, managing editor, BestWeek, August 19, 1999.
  • "Fidelity National Financial Inc. Acquires Chicago Title Corp." by Caroline Saucer, managing editor, BestWeek, August 2, 1999.