Stewart Acquires Title Agency in New York
April 16, 2024
Stewart Information Services Corp. acquired White Plains, N.Y.-based All New York Title Agency Inc.
Founded in 1995 by Joseph Petrillo and John Martin, All New York is a commercial boutique title company. The company also serves residential, condominium and multifamily markets, and supports affordable and senior housing clients.
“As a long-time agent, we have known Joe and John for many years, and have seen how they run an impressive business. We’re very proud to add them to the Stewart family,” said Stewart Group President Steve Lessack. “Their depth of knowledge creates a strong foundation for Stewart in serving the Affordable Housing community. These sophisticated, high liability transactions involving complex mortgage stacks with letter of credit bond enhancements, often coupled with transferable development rights, particularly in New York City, require a unique skillset that they have developed. Their capable team is a valuable addition to Stewart, and we’re excited about the possibilities our combined teams have.”
Petrillo and Martin added, “All New York was founded on the values of providing professional, reputable and superior service. “These are all qualities we share with Stewart, so joining the Stewart family was an easy decision. Having the backing of one of the largest and most experienced title underwriters will only enhance our ability to expand our platform - both in the Affordable Housing community and other commercial arenas, as well as in New York and in new locations and geographies, as we help grow Stewart’s commercial footprint. We look forward to a bright future together as part of the National Commercial Services team.”
Contact ALTA at 202-296-3671 or [email protected].