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New Deal


Announced

Completed

Covius completed the acquisition of Nationwide Title Clearing.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

research services

Majority

Management Consulting

Friendly

Acquisition

United States

Single Bidder

Completed

Synopsis

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Covius, a provider of technology-enabled solutions to the financial services industry, completed the acquisition of Nationwide Title Clearing, a national lien release provider. Financial terms were not disclosed. "Over the past three years, Covius has continued to build out our platform of tech-enabled offerings through acquisitions and organic growth. Our robust solutions span origination, servicing and capital markets segments, offering loss mitigation and loan modification services, document and critical borrower communications, title and settlement services, auction and REO asset disposition, verifications and due diligence. NTC's market-leading solutions strategically complement Covius' existing broad offerings," John Surface, Covius President and Chief Operating Officer.

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