Stewart Acquires Majority Interest in Great American Title Company

Stewart Information Services Corporation (NYSE:STC) announced its acquisition of a majority stake in Great American Title Company (GATCO), a key player in title and escrow services in the Greater Houston area.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Very Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Tags

acquisition

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

01/11/2022 - 06:45 AM

HOUSTON--(BUSINESS WIRE)-- Stewart Information Services Corporation (NYSE-STC) today announced the acquisition of a majority interest in Great American Title Company (GATCO). GATCO is a leading provider of title and escrow services in the Greater Houston Metropolitan area, with the ability to operate in 38 counties across Texas. The acquisition creates additional scale in the area and continues to demonstrate Stewart’s commitment to investing in key markets on its mission to become the Premier Title Services Company.

“By adding GATCO to the Stewart family of companies, we join forces with one of the area’s most respected brands and further strengthen our presence throughout the Greater Houston area,” said Stewart Group President Steve Lessack. “GATCO’s long history of providing high-quality customer service and their established local relationships are a testament to the teams they’ve built. This acquisition further enhances Stewart’s ability to provide best-in-class products and services throughout the area, and emphasizes our commitment to investing in key markets across the country.”

“GATCO is invested in each of our customer’s success, and as we’ve gotten to know Stewart’s leadership, we have seen the same commitment to customer excellence,” said Ronnie Matthews, Chairman and Principal of GATCO. “This acquisition only strengthens our core philosophy of making the transaction process seamless and efficient. With the ability to leverage Stewart’s financial strength and an expanded set of tools, we can continue to improve the transaction experience. We are excited about the opportunities joining the Stewart family presents for our employees, leadership team and customers.”

About Stewart

Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com.