Fidelity National Financial Inc. (FNF), a Jacksonville, Fla.-based provider of title and transaction services to the real estate and mortgage industries, said Thursday it has acquired four title and escrow companies in the St. Louis area.
FNF said it has acquired St. Louis Title, Security Title Insurance Agency, Accurate Disbursing of St. Louis, and Benchmark Title of Southern Illinois. Terms of the transactions were not disclosed.
"We couldn't be more excited to bring these premier title and escrow teams in the St. Louis market into the FNF family of companies," said Mike Cusack, executive vice president and regional manager of FNF. "Their commitment to the St. Louis and Southern Illinois real estate community is evidenced by their success, growth, and dedication to customer service. Together, we will continue this commitment and provide each of these teams with all of the resources we have to service each and every customer."
St. Louis Title, Security Title, Accurate Disbursing and Benchmark Title were founded in 2005 and have grown to become one of the market leaders in the St. Louis metropolitan area. John Schaefer, the current manager, will continue to lead all operations, Fidelity said.
"We are very excited to join the FNF family," Schaefer said. "Our combined resources will allow us to continue to provide the service our customers expect, and to lead our employees and customers into the future."
Fidelity National Financial Inc. provides title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters — Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York. Collectively, these companies issue more title insurance policies than any other title company in the United States, FNF said.
