Shaddock National Holdings acquires US Title
September 29, 2020
Shaddock National Holdings recently acquired Utah-based US Title Insurance Agency, which was founded in 1980 and has 14 branches.
US Title will retain its name and current staff. Shaddock National plans to further expand operations of the title company across Utah.
“Our acquisition of US Title is about more than simply acquiring a great company in a dynamic market,” said Mike Rubin, president of Shaddock National Holdings. “From the outset we have been blown away by the professionalism, commitment, and culture that has been carefully cultivated within US Title. We are grateful and truly humbled to have the opportunity to partner with such an outstanding team of title professionals.”
Shaddock National Holdings also operates Capital Title of Texas, Southwest Title Company and Ascendant Title, which operates on a national platform in 36 states including three offices in the Denver area. Earlier this year, Shaddock acquired a major equity interest in Arizona-based Landmark Title Assurance Agency.
The brokerage Turk & Company in connection with its partner Britehorn Securities represented U.S. Title in the transaction. Marking 40 years in business, Steve Borget, incoming president of US Title, said the acquisition will bolster the company’s brand and help attract and retain talented employees. Larry Burton, current president of US Title, will retire at the close of this transaction.
“This move allows us to align with a national company while maintaining an independent feel and a commitment to an excellent customer experience,” Borget said. “We look forward to joining the Shaddock Companies family as we continue to grow our market share across the state of Utah.”
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