LandAmerica Acquires Aaron & Wright Technical Services, LP
September 8, 2004
Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, through its subsidiary LandAmerica Assessment Corporation (LAC), has acquired Aaron & Wright Technical Services, LP (AWTS) based in Houston, Texas.
Aaron & Wright Incorporated, the appraisal company, was not included in the transaction.
AWTS performs environmental and structural due diligence services for commercial real estate clients throughout the United States, as well as in Canada, Mexico, and the Caribbean. In addition to its Houston headquarters, the company maintains offices in Santa Ana, California; Chicago, Illinois; Charlotte, North Carolina; and Iselin, New Jersey.
"We’re fortunate in joining a company with the financial strength, resources, and national presence of LandAmerica," says Richard Dagnall, a principal of AWTS who will be remaining with LAC. "In addition, AWTS and LandAmerica share a proven corporate commitment to producing quality reports delivered with superior customer service.”
"We’re very excited about this opportunity to expand our geographical coverage — especially through such a reputable company as AWTS," says Charles Victor, LandAmerica Financial Group Senior Vice President and Executive Vice President of LAC. "AWTS brings an incredible amount of employee depth and industry experience to the table. Both our customers and those of AWTS can expect to benefit from this new partnership."
Source: LandAmerica Financial Group, Inc.