(SEPT. 22 – PRNewswire) NEW YORK – Compass, the real estate technology company, today announced that it has signed a definitive agreement to acquire First Alliance Title LLC, a leading title company serving the Denver metro area. The acquisition extends the company’s growing portfolio of title and escrow businesses that now serves nine states.
“Compass firmly believes that agents are, and will continue to be, central to the real estate transaction. For agents to be truly great at their jobs they deserve an end-to-end platform that provides them with complete transparency over the entire process,” said Compass SVP of New Business Pooneet Kant. “Today as we announce our plans to acquire First Alliance Title, one of the most respected title and escrow companies in Colorado, we are one step closer to realizing our vision of a seamless real estate experience.”
With three Denver locations, First Alliance Title is a leading provider of title services throughout the Denver area. Since their inception, the company has been focused on impeccable customer service, backed by the financial strength and practices that provide absolute peace of mind for their clients around this critical component of a successful real estate transaction.
“We are incredibly excited to be joining Compass, a partner that shares our passion for providing outstanding service, and investing in the best technology in the business. This partnership not only provides us the opportunity to extend our network and advance the goals of our business, it enables us to strengthen the unique service and company culture that our customers and staff have grown to love,” said Greg Parham, Co-founder and President of First Alliance Title. “This is an exciting time for the Colorado real estate industry as a whole, and we’re fortunate to have found a partner that shares our vision for the future.”
The transaction is expected to close before the end of the year and the terms of the deal are not being disclosed. In February of this year Compass announced the acquisition of Washington D.C. area title insurance and settlement services company, KVS Title and earlier in September the company acquired the Dallas-Fort Worth based title company, LegacyTexas Title. The addition of First Alliance Title expands Compass’ growing title and escrow services portfolio, which now serves California, Colorado, Florida, Washington State, Maryland, Virginia, Washington D.C. and Texas.
For more information on Compass, visit compass.com.