Builder to Acquire Alliant National Title
October 29, 2024
Colorado-based underwriter Alliant National Title Insurance Co. and a related affiliate entered into a definitive agreement to be acquired by Florida-based Dream Finders Homes.
The transaction is subject to closing conditions, including regulatory approvals. Financial terms of the transaction were not disclosed.
Alliant National Title generated $58 million in title insurance premium through the first half of 2024, according to the latest market share data provided by ALTA. The underwriter operates in 32 states and Washington, D.C., through a network of more than 100 title agencies.
“Building on almost 20 years of serving independent title agents, we are thrilled to become part of the Dream Finders ecosystem and envision an exciting future together,” said David Sinclair, CEO and president of Alliant National Title. “The collaboration of an innovative builder, strong title agency, and the Alliant National underwriting team will promote our long-term success and growth into a national real estate partner.”
In 2018, Presidio Investors acquired Alliant National Title.
Dream Finders Homes builds single-family homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado and the Washington, D.C., metropolitan area, which includes Northern Virginia and Maryland. Through its wholly owned subsidiaries, Dream Finders Homes also provides mortgage financing, as well as title services through DF Title. According to numbers reported for the 2024 BUILDER 100 list, the builder closed 7,314 homes in 2023 and generated revenue of $3.5 billion.
“This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” said Dream Finders’ Chairman and CEO Patrick Zalupski. “We are excited to partner with a successful and motivated Alliant National team and believe our homebuilding operations can add meaningfully to the bottom line of Alliant National, which will in turn benefit the bottom line of DFH.”
Contact ALTA at 202-296-3671 or [email protected].