Latest Acquisition Solidifies Foundation of Incenter Lender Services Offering
CHARLOTTE, N.C.--(BUSINESS WIRE)-- Incenter LLC (“Incenter”), a leading provider of trading, advisory and fulfillment services for lenders and specialty finance companies, announced that it has signed a purchase agreement to acquire Agents National Title Insurance Company (“ANTIC”). The transaction amount was not disclosed.
Founded in 2005 and headquartered in Columbia, MO, Agents National Title Insurance Company provides residential and commercial title insurance services through a national network of independent title agents. ANTIC, through its subsidiaries, also brings a powerful software system that will connect and coordinate all aspects of the real estate transaction, as well as consulting services and fee-based educational offerings for its agents. The firm is also a 1031 qualified intermediary.
“Our goal within Lender Services is to provide solutions to the growing list of pain points that originators of all sizes have in any market environment and the addition of Agents National Title Insurance Company solidifies the foundation of our offering,” said John Keratsis, senior managing director for Lender Services at Incenter LLC. “Title insurance is a critical component of every real estate transaction and the ANTIC leadership team has a proven track record of building productive long-term relationships with all parties to a sale. This expertise, underpinned by a nimble technology platform, enables us to meet the needs of our clients even more effectively.”
David Townsend will serve as president alongside Brent Scheer, CFO and COO, and Pat Carney, chief strategy officer. Cheryl Cowherd, senior underwriting counsel, Lori Dorman, director of risk management and key staff will also remain in place at the headquarters in Columbia, MO, with satellite offices across the United States.
“Since inception, ANTIC has focused on protecting an integral component of all real estate transactions while simultaneously building our business to drive technological change in an industry often reluctant to it,” said David Townsend, president, Agents National Title Insurance. “Incenter has taken a similar approach and we have found a likeminded partner in the Lender Services team. ANTIC is well-positioned to bring value to relationships across Incenter’s lines of business as well as to its affiliates. As we expand our operations we will be looking to partner with quality title agents in our new markets and with the Lender Services team to create a national platform of title agents and settlement service providers.”
The transaction is subject to certain regulatory approvals and is expected to close in the first quarter of 2018.
About Incenter LLC
As a Blackstone portfolio company headquartered in Saint Paul, Minnesota, Incenter provides its lender clients operating in the mortgage and specialty finance markets with access to capital, secondary markets solutions and fulfillment services. With additional offices in Charlotte, Denver, Los Angeles, New York and Manila, Philippines, Incenter employs approximately 900 professionals worldwide. For more information, please visit www.incenterms.com.
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Ashley Dermid, 704-373-4009
Source: Incenter LLC