LandAmerica to Acquire Buyers Home Warranty Company/Best Home Warranty Company
July 8, 2004
Richmond, Virginia - LandAmerica Financial Group, Inc. (NYSE: LFG) has signed an agreement to purchase Buyers Home Warranty Company/Best Home Warranty Company (BHWC), based in Burbank, California, subject to regulatory approvals and other closing conditions.
BHWC is a provider and servicer of home warranty contracts in California, Texas, Arizona, Colorado, Nevada, New Mexico, and Oklahoma. In California, BHWC is known as Buyers Home Warranty Company. In all other states, BHWC is known as Best Home Warranty Company.
"We are excited about capitalizing on LandAmerica's national presence by opening up more markets for our home warranty services," says Ray Adams, Founder and President of BHWC. "We're especially pleased to be part of a company that shares our fundamental belief that service to the customer takes priority." Adams will continue in his role as President of BHWC and will participate at the executive level on all strategic initiatives.
About LandAmerica Financial Group, Inc.