Williston Financial Group, Doma Strike Deal
WFG is set to acquire Doma’s title operations, including operation centers in the Northern and Central California.
Williston Financial Group, a Portland, Ore.-based, provider of title insurance and real estate settlement services, is set to acquire some of Doma’s West Coast retail title operations.
Financial terms of the acquisition, including the terms or employee retention, were not disclosed by the companies.
“We are thrilled to extend our California market reach through this acquisition, as it will significantly enhance our ability to serve the needs of our customers in these key growth regions,” said WFG Chairman and Founder Patrick F. Stone. “Since day one, our vision for WFG has been to eliminate friction, increase transparency and deliver a superior experience for our real estate, lender and title agent customers, as well as for the consumers we all serve.”
Max Simkoff, founder and CEO of Doma, said he believes his company has found a home for the local team members in those branches.
According to an earnings call in the first quarter of this year, Doma has been looking to finalize more partnerships and get rid of anything that is not core to its business.