The deal to acquire LegacyTexas Title Co. follows acquisitions of two other title companies and will ultimately make Compass’s title services available in six states and Washington, D.C.

Tech-focused brokerage Compass dove further into ancillary services Tuesday when it announced plans to acquire a title insurance company based in the Dallas, Texas, area.

The acquisition will see Compass pick up LegacyTexas Title Co., which according to a statement is “a leading title insurance company” in its region. The statement adds that “the acquisition will significantly strengthen” Compass’ “growing portfolio of title and escrow businesses.”

Robert Reffkin

“At Compass, when we hear that agents love something, we take notice, and when we look at the Dallas market, it’s clear that Compass agents are overwhelmingly choosing to work with LegacyTexas Title,” Compass CEO Robert Reffkin added in the statement. “We’re thrilled to welcome LegacyTexas Title to Compass, their incredible reputation and their track record of impeccable service makes them an ideal partner for Compass as we grow our adjacent services business throughout all our markets.”

Neither company disclosed financial details of the deal, though the statement did note that the acquisition is “contingent upon regulatory approval and is expected to close before the end of the year.” The statement also described LegacyTexas Title’s team, which will continue on through the acquisition, as “among the most trusted in the region.”

“The Compass acquisition of LegacyTexas Title will build upon the many existing relationships between Compass agents and this respected provider of title services,” the statement further noted.

Tuesday’s acquisition is not Compass’ first time picking up a title company. In February, for example, Compass bought KVS Title.

Several months earlier, Compass also acquired Modus, a title and escrow software startup. Both the Modus and KVS acquisitions came as Compass prepared to go public, which it ultimately did this spring.

All of Compass’ title acquisitions also represent steps in the company’s quest to build an end-to-end platform that handles multiple aspects of a real estate transaction. Such a platform has become a sort of holy grail for numerous real estate companies in recent years, with many firms making efforts to branch out from bread-and-butter services offered by their brokerage arms.

In Compass’ case, once the LegacyTexas Title deal is wrapped up the company’s title services will be available in California, Florida, Washington State, Maryland, Virginia, Washington D.C. and Texas, Tuesday’s statement notes.

Laurence Henry

LegacyTexas Title President Laurence Henry added in the statement that both his company and Compass “approach customer service the same way — we both believe that when you combine a reliable process with exceptional customer service you’re able to create a best-in-class experience for your customers.”

“We’re excited to join Compass during this pivotal time in the real estate industry,” Henry concluded, “and we look forward to taking our company to the next level.”

Email Jim Dalrymple II

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×