Acquisition of Bend-headquartered company creates large northwest footprint. Two major independent regional title and escrow companies have joined forces to create a newly combined presence after Futura Title & Escrow – the parent company of Boise, Idaho-based Alliance Title & Escrow Corporation – recently closed on the purchase of AmeriTitle, Inc., whose corporate offices are in
Together, the companies will create the largest independent title and escrow group in the Pacific Northwest, with more than 600 title and escrow professionals and some 70 offices operating in 66 counties across five states –
“This is an ideal combination of two great regional companies,” said Futura Title & Escrow Chief Executive Officer Larry Matney. “Our operations are very compatible and our customers and employees will benefit greatly from the geographical coverage, scale and service capabilities of the new organization.”
The sale of the AmeriTitle division is part of a strategy by previous owner, Klamath Falls-based Jeld-Wen – which is one of the largest private companies in the
AmeriTitle has been headquartered in
Previously, the company also put its portfolio of Northwest resorts on the market and sold Brasada Ranch in Powell Butte, Eagle Crest Resort near Redmond and the Running Y Ranch in Klamath Falls to Northview Hotel Group and Oaktree Capital Management.
Also, earlier this year and prior to the Futura deal, Jeld-Wen sold 22 AmeriTitle office buildings in Oregon, Idaho and Washington in a $25 million sale-leaseback to NLD Title LLC, a Midwest private investment company, which purchased the portfolio of single-tenant offices with AmeriTitle continuing to occupy the buildings under long-term leases.
The Silver Group, based in
Barry Silver, principal with The Silver Group, is brokering the re-selling of selected individual properties, including the AmeriTitle offices at
Following the acquisition by Futura, AmeriTitle Founder and President Linda Stelle will remain in her current position. AmeriTitle will also retain its current employees
Stelle said: “As we considered the sale of our company, it was important to align with a parent company that was as deeply committed to the
“As always, service with commitment to our local communities and customers will be among our highest priorities at AmeriTitle.”
About Alliance Title & Escrow
Deeply rooted in the