Minnesota-based Company Makes Acquisition
|July 15, 2014|
Minnesota-based Title Midwest Inc recently acquired Title Professionals and Abstract Co., which is located in St. Cloud, Minn.
Terms were not disclosed, but the local agency will remain Title Professionals and Abstract Company and all of its eight full-time employees are being retained. Title Midwest has 58 title and closing agencies.
Mary Ann Nunes, president of Title Professionals and Abstract Company, said those developments will be "hugely significant" going forward.
"Business is conducted on a broader scale these days," said Nunes, who has been with the company for about 30 years in various management positions. "These relationships among offices are very valuable. The inter-connectedness provides access to many more services and resources for our clients."
Title Professionals grew from the roots of Zapp Abstract. Title insuring was added in 1980 and the company became known as Zapp Abstract & Title Co. In 1991, the business was sold to Commonwealth Land Title Insurance Co. In 1996, it was acquired by Title Professionals and Abstract Co.