StreetLinks Acquired by Assurant in $60 Million Deal – NMP Skip to main content

StreetLinks Acquired by Assurant in $60 Million Deal

NationalMortgageProfessional.com
Apr 22, 2014

Assurant Inc. has announced the acquisition of StreetLinks Lender Solutions from Novation Companies Inc. and other shareholders. With more than $140 million in annual fee income, StreetLinks is among the largest independent U.S. appraisal management companies. Through a nationwide network of expert appraisers, StreetLinks provides a comprehensive suite of valuation services and technology solutions for the mortgage banking industry. “Assurant and StreetLinks share a like mindset, particularly when it comes to innovation and commitments to quality and service, which presents numerous opportunities for us to shape the ever-changing appraisal industry together,” said StreetLinks President Tom Hurst. “We are thrilled that Assurant has chosen StreetLinks and are honored to be joining the Assurant team.” Assurant Specialty Property has acquired StreetLinks for approximately $60 million in cash, plus a potential earnout payment based on future performance. Assurant expects the transaction to be accretive to earnings in 2015. “This acquisition is a natural extension for Assurant Specialty Property,” said Assurant President and CEO Gene Mergelmeyer. “We are a leader in insurance, preservation and other services for the mortgage industry, and StreetLinks is a leader in valuation solutions and technologies used by lenders and appraisers nationwide. We look forward to working and growing together, and bringing our clients a more comprehensive suite of services.”    
Published
Apr 22, 2014