Chronos Solutions Acquires Commerce Title
February 4, 2016
In a move to increase its presence in California, Texas-based Chronos Solutions announced it has acquired Commerce Title and Closing Services LLC from Ten-X LLC.
According to Chronos Solutions CEO Matt Martin, the acquisition of Commerce Title expands the company’s ability to deliver title and settlement services on a wide scale, especially in California.
“Commerce Title is fully licensed to perform title work throughout California, making it a natural fit for Chronos Solutions,” he said. “With this acquisition, we deepen the resources we can offer to our clients, as well as becoming even more flexible to our clients’ needs. Commerce Title’s historical emphasis on client service, innovation and flexibility align perfectly with the Chronos strategy and business model.”
This is the third acquisition for Chronos Solutions since early 2015. In January 2015, the firm acquired Realtybid.com, an online real estate auction marketplace. In December 2015, Chronos Solutions acquired Cogent Road, a credit, verification and origination technology-based business.
“Our acquisitions are carefully selected to complement our unique approach to real estate finance services,” Martin said. “Our ability to deliver multiple service offerings and scale to meet the needs of a business of any size are what has led to our success.”
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