LandAmerica to buy home warranty provider

Acquisition would expand reach in 7 states

LandAmerica Financial Group has agreed to purchase Burbank, Calif.-based Buyers Home Warranty Co./Best Home Warranty Co.

The deal is subject to regulatory approvals and other closing conditions.

Buyers Home/Best Home Warranty provides and services home warranty contracts in California, Texas, Arizona, Colorado, Nevada, New Mexico and Oklahoma. In California, the company is known as Buyers Home Warranty. In all other states, it is known as Best Home Warranty.

Ray Adams, founder and president of Buyers Home/Best Home, will continue in his role as president and will participate at the executive level on all strategic initiatives.

Richmond, Va.-based LandAmerica Financial Group has more than 800 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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