Announced
Financials
Tags
Financial Data and Systems
Private
Single Bidder
United States
financial services
Majority
Domestic
Acquisition
Pending
Friendly
Synopsis
Essent Group, a holding company, agreed to acquire bank holding and financial services companies Agents National Title and Boston National Holdings from Finance of America Companies, a consumer lending company, for $100m. “Title insurance is a natural complement to our MI business with relatively low and stable loss ratios historically. The acquisitions of Agents National Title and Boston National Title add a team of seasoned title professionals to Essent and provide a platform to leverage our capital position, lender network and operational expertise across an adjacent real estate sector as we continue to expand our franchise," Mark Casale, Essent Chairman and CEO.
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