Title Financial Corp. Expands Montana Footprint With Acquisition
April 17, 2018
Title Financial Corporation (TFC) and its subsidiary, First American Title Company of Montana Inc., recently acquired American Title & Escrow and Carbon County Abstract & Title. TFC operates in Montana, Idaho and Wyoming. The deal expands the company’s geographic network.
“We are very excited to be combining teams with American Title & Escrow and Carbon County Abstract & Title,” said Quinn Stufflebeam, chief executive officer of TFC. “By leveraging our collective strength and coverage, we will be able to better serve our customers by providing a service experience designed to make the real estate transaction easy for our customers."
In addition to First American Title Company of Montana, the TFC family of companies consists Insured Titles, Gillette Title Services, Jackson Hole Title & Escrow, Laramie County Abstract and Title Co., Title Financial Specialty Services and Title Financial Exchange Services.
The merger unites two companies with a long history of collaboration. The companies jointly purchased First American Title Company in Ennis in 2002 and First American Title Company in Bozeman in 2004. This expanding alliance creates a footprint that covers 66 counties in Montana, Idaho and Wyoming.
“This exciting transaction unites two companies with deep roots in Montana and Idaho, who both pride themselves on providing an excellent customer experience and we are looking forward to the new opportunities this presents,” said Ted Lovec, president and chief executive officer of American Title & Escrow and Carbon County Abstract & Title.
Lovec and Carol Kirby are both remaining on the corporate team. Lovec has accepted a position on the Board of Directors of TFC. He will also be serving as executive vice president while Kirby will serve as vice president of operations.
Contact ALTA at 202-296-3671 or [email protected].