Linear Title Acquires California Based Americal Title Company
October 16, 2012
Linear Title & Closing, Ltd, a technology-focused national title and closing agency, has completed its acquisition of Orange County, CA based Americal Title Company. The acquisition will allow Linear Title & Closing, Ltd. to expand its licensed footprint into the California market.
Linear Title & Closing, Ltd. had been considering several options for entrance into the California market before entering into a stock purchase agreement to purchase Americal. Nathan Chandler, EVP of Linear Title & Closing, Ltd, commented, “The acquisition of Americal is a significant addition to the Linear family of companies. Americal will provide a strong presence in the California market for Linear. We are excited about the opportunity to create jobs and compete in the California market.”
Linear Title & Closing, Ltd. is a recognized industry leader that delivers technology-driven title and settlement solutions to banks, mortgage lenders, real estate brokers, default servicers and other real estate service providers. Linear Title & Closing, Ltd. is based in Middletown, Rhode Island with offices and subsidiaries in Texas, Nevada and California. www.lineartitle.com