DataQuick has announced that it has signed a purchase agreement to acquire the ATI Title Companies, d/b/a Rels Title, a title and settlement entity. Rels Title is currently a subsidiary of Rels Title Services LLC. The transaction is expected to close within 30 days. Milestone Advisors LLC, served as financial advisor to Rels Title Services LLC for this transaction.
“DataQuick has a long and outstanding history of delivering centralized title services to the lending community,” said John Walsh, president of DataQuick. “Combining our expertise with Rels Title’s exceptional service capabilities, local presence and relationships, operational expertise and industry knowledge will allow us to provide a wider range of title and settlement services to the marketplace.”
Rels Title offers nationwide escrow, title examinations, commitment and closing services; document preparation and recording services; and expedited ordering, processing and delivery all backed by local practice and regulation expertise.
As part of the acquisition, the Rels Title name will be used for a period of time. The current Rels Title management team, headed by Leslie Foster, will continue to lead operations, which will remain headquartered in Minnetonka, Minn.
“DataQuick delivers a wide range of real estate information solutions to their customers,” said Foster, president of Rels Title. “We are confident that our customers will not only continue to receive the same great service they have become accustomed to, but they will also benefit tremendously from the breadth of complementary solutions available from DataQuick. In addition, we look forward to offering title and closing services to lenders that are currently customers of DataQuick.”
