First American Title Insurance has acquired New York City-based TitleVest Holdings Group, as part of efforts to expand its operations in the area.
Terms of the deal were not disclosed.
Established in 2000, TitleVest provides a wide range of title insurance and related services for real property purchase and refinance transactions.
First American Title Insurance Company COO Chris Leavell said: "We’ve worked with TitleVest for years, so we know firsthand that our companies share a common vision to deliver industry-leading service and innovative products to our customers.
"TitleVest is an important addition to the First American family in New York, where our commitment to our customers and our agent partners across the state is strong."
TitleVest’s current CEO Brian Tormey will continue to control the acquired business operations, while its CEO Bill Baron will retire from the services after the acquisition.
Tormey added: "We are grateful for our clients’ trust and loyalty and we’re confident that being a part of the First American family will only increase our opportunity to provide our award-winning customer service to an even broader audience."
The First American Financial’s subsidiary, through its network of agents in the US and abroad, offers title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans.