Shaddock National Holdings to Acquire NexTitle Operations in California
October 29, 2020
Shaddock National has reached a definitive agreement to acquire NexTitle’s California operations. The acquisition is currently pending California regulatory approval. Once approved, NexTitle’s California operations will become Shaddock National Title. All current staff will remain, and plans are to expand across California.
“California has long been a land of great opportunity and promise,” said Mike Rubin, president of Shaddock National Holdings. “We have been looking for our path into the state for quite some time. We couldn’t be happier to find a company with such an amazing culture and foundation for growth.”
Stephen Routh, Chief Executive Officer of NexTitle, said, “We are delighted to partner with Shaddock National Holdings as it enters the California markets. The Shaddock group and NexTitle share a culture that makes them great places to work and great to work with. Our California sale enables NexTitle to focus exclusively on its core Northwest and Hawaii markets.”
NexTitle, which started in 208 with an office in Washington, will initially work to expand its presence in Southern California as well as looking for opportunities to grow into the northern part of the state. This acquisition will also allow Shaddock National Holdings the ability to add California to its national centralized lender and commercial business lines.
“I believe talented people are vital to our continued success, and we continuously invest in our associates, giving them the tools and training to succeed,” said Danielle Burrascano, NexTitle’s branch manager in California. “It is your mind, your talents and the creativity you bring to your life and the lives of the people around you! I am excited to partner with the Shaddock family and explore the growth, success and opportunities ahead.”
Contact ALTA at 202-296-3671 or communications@alta.org.