AllFirst Title Insurance Agency and its many regional brands were acquired by Fidelity National Financial, Inc., a prominent supplier of title and transaction services to the real estate and mortgage sectors. The purchase was announced.
AllFirst and the portfolio brands that are a part of its business, including FirsTitle, Excel Title Group, Allegiance Title Company, Guaranty Title, Smith Brothers Abstract, Aggieland Title Company, and Guaranty Title New Mexico, offer title examination, title plant, abstract, and settlement services for residential, commercial, farm and ranch sales, as well as energy projects, in 121 counties across the states of Texas, Oklahoma, New Mexico, and Arkansas.
According to Mike Nolan, Chief Executive Officer of Fidelity National Financial, “We are excited to bring AllFirst and its portfolio of strong regional brands into the FNF family of title companies. This will allow us to continue expanding our leadership position in the industry through our multiple brand strategy.” “This is a substantial purchase of an elite, well-operated, rapidly expanding collection of title businesses, and it offers managerial expertise as well as immediate income to FNF in areas that further extend our national presence.” “Luke Strawn, the entire talented AllFirst senior leadership team, and all 500+ AllFirst employees have done an incredible job growing a portfolio of title brands that possesses regional strength, robust title services.
According to Luke Strawn, the Chief Executive Officer of AllFirst, “everyone at AllFirst is excited to become part of the top family of title businesses in the industry.” “With a long history of strategic acquisitions that capitalise on the strength of local brands while leveraging the collective strength, data and technology capabilities, and financial strength, we felt there was no better fit or future for our company and employees than to become part of the FNF family of title companies,” said the company’s CEO. “With this long history of strategic acquisitions, we are able to capitalise on the strength of local brands while leveraging the collective strength, data and technology capabilities, and financial strength.
The AllFirst portfolio of enterprises will go on with its operations and continue to provide local and regional clients with the products and services offered by their respective brands. These brands will continue to be led by senior management from AllFirst, who have been given the mandate to continue the fast development and market share increase in their respective markets and regions. Luke Strawn will now be reporting to Joe Grealish, the President of Eastern Operations for Fidelity National Financial. Additionally, Luke Strawn will be moving into a Regional Management position, where he will be responsible for the operations of AllFirst.