Richmond, Va.-based LandAmerica Financial Group this week expanded its presence in California and New Mexico with the purchase of Burbank, Calif.-based County Title Holding Corp. and Taos, N.M.-based Taos Title.
County Title Holding Corp. is the parent company of Southland Title Corp., Southland Title of Orange County, Southland Title of San Diego and Southland Title Equities (Southland Title).
Southland Title was formed in 1985 and operates in six counties, including Los Angeles, Orange, Riverside, San Bernardino, Ventura and San Diego. It has approximately 30 title and escrow offices and 670 employees in those offices. The company had revenue from title and related operations of almost $137 million for 2003, according to a press statement. Southland Title’s senior management team will remain in place to run operations for LandAmerica.
Taos Title was founded nearly 30 years ago and had been owned by president Mary J. Burke for the past 17 years. Burke will remain with Taos Title following the acquisition.
LandAmerica Financial Group Inc. (NYSE: LFG) has 700 offices and 10,000 active agents in the United States, Mexico, Canada, the Caribbean, Central and South America. The company’s subsidiaries are Commonwealth Land Title Insurance Co., Lawyers Title Insurance Corp., Transnation Title Insurance Co., LandAmerica OneStop and Inspectech.
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