Open Holdings Invests in First Title and Escrow

January 7, 2025

Staffing and recruiting company Open Holdings LLC recently made an investment in Maryland-based First Title & Escrow.

First Title & Escrow will continue to be managed by its longstanding president, Stephen Papermaster, and Chief Operating Officer Pamela Gibbons.

“We believe that this investment in First Title represents a unique opportunity for Open Holdings to extend their ‘people-first’ business services platform into the title insurance industry in partnership with our organization, which shares an equally deep commitment to its staff, clients and local community,” Papermaster said. “The combination of Open Holdings’ unique capability in staffing, recruiting and culture-building, alongside First Title’s industry-leading title and closing technology stack and nationwide footprint, will allow us to accelerate the rollout of new client partnership opportunities.”

Turk & Company acted as the exclusive investment bank and financial advisor on the transaction

Howard Turk, founder and managing director Turk & Company, said, “We’re thrilled to have successfully completed this transaction. First Title is an exceptional national title player with visionary leadership that will remain in place, ensuring continuity and further growth. The cultural alignment and operational synergies between these two organizations creates a unique foundation for success. This partnership is compelling not only for its strategic fit but also for its shared commitment to fostering a positive, supportive work environment.”


Contact ALTA at 202-296-3671 or [email protected].