Stewart Announces the Acquisition of a Significant Number of Western U.S. Operations from ET Investments
HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation today announced the acquisition of 57 title offices in the states of Arizona, Colorado and Nevada from ET Investments. The purchase price was $105 million, and Stewart expects the deal to be immediately accretive to the company’s August equity raise of more than $100 million. Historically, the title offices associated with this transaction have generated in excess of $20 million in pre-tax income. “This acquisition reflects the
Stewart Announces the Acquisition of a Significant Number of Western U.S. Operations from ET Investments
HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation today announced the acquisition of 57 title offices in the states of Arizona, Colorado and Nevada from ET Investments. The purchase price was $105 million, and Stewart expects the deal to be immediately accretive to the company’s August equity raise of more than $100 million. Historically, the title offices associated with this transaction have generated in excess of $20 million in pre-tax income. “This acquisition reflects the