This acquisition is part of our ongoing growth strategy, where North American Title Co. is on the lookout to acquire top title agencies in crucial markets. Nicky Watts is the ideal partner for us as we expand in the Carolinas.
Miami, Fla. (PRWEB) February 08, 2016
North American Title Co. has acquired Appalachian Title Co., based in Cornelius, North Carolina, north of Charlotte. In business since 2006, Appalachian Title Co. does business in North Carolina, South Carolina and Tennessee.
“This acquisition is part of our ongoing growth strategy, where North American Title Co. is on the lookout to acquire top title agencies in crucial markets,” said Tom Fischer, president, North American Title Group. “Nicky Watts has built a robust business in North Carolina, with a great reputation and a seasoned title team. He is the ideal partner for us as we expand our operations in the Carolinas.”
Appalachian Title Co. has underwritten its business with North American Title Insurance Co. (NATIC) since its inception in 2006. It was the first independent title agent in the nation authorized by NATIC, which is the affiliated underwriter of North American Title Co. Both companies are subsidiaries of North American Title Group.
“The longstanding relationship we have forged with Appalachian Title speaks to the commitment that they and we have to a successful business partnership – as well as the personal respect we have shared over these years,” said Emilio Fernandez, NATIC president. “Nicky Watts and his team have always been consummate professionals as well as proactive in meeting and exceeding industry standards. I am pleased to welcome them to the North American Title family of companies. They have a great operation and will be a strong foundation for our future growth in the Southeastern United States.”
Watts, Appalachian Title president, said, “North American Title and Appalachian have the same core beliefs and values in how we approach and support our customers. Our team has a passion for customer service, a deep background in the real estate industry and a strong commitment to growth. Our extensive customer base has expanded in these past 10 years, helping us thrive with a banner year in 2015.
“We are looking forward to expanding this partnership with North American Title Co., as we work and invest for long-term growth and success,” added Watts.
About North American Title
With well over 1,000 associates and a vast network of branches from coast to coast, North American Title (NAT) is among the largest real estate settlement service providers in the United States. Consisting of both agent and underwriter operations, NAT reported annual net revenues in fiscal 2014 of $189 million. The company also has the resources and stability of a wholly owned subsidiary of an S&P 500 company with over $12.9 billion in assets (fiscal quarter ending Nov. 30, 2014). North American Title’s agency network operates nationally under the name North American Title Co. (NATC), and is located in 18 of the fastest-growing states: Arizona, California, Colorado, Delaware, Florida, Illinois, Indiana, Maryland, Minnesota, Nevada, New Jersey, New York, Ohio, Pennsylvania, Texas, Utah, Virginia and Washington, D.C. Through our relationship with our expanding affiliate network, NATC provides real estate settlement services in all 50 states. NAT is headquartered in Miami, Florida. To learn more, visit http://www.nat.com