Key Takeaways
- • Stewart Information Services Corporation (NYSE:STC) announced its acquisition of BCHH, a real estate title and closing services provider, expanding its offerings for individual and institutional investors and lenders.
- • BCHH specializes in individual MLS transactions, single-family rental and build-to-rent (SFR/BTR) transactions, multi-state and multi-property bulk acquisitions and dispositions, and securitizations.
- • Stewart CEO Fred Eppinger said the deal complements Stewart's existing Lender Services businesses and reinforces the company's commitment to investing through turbulent market conditions.
- • Charles Marino, President and Co-Founder of BCHH, said the company has been a longtime partner of Stewart and that joining the firm will help it offer enhanced products and services to customers.
Summary
Stewart Information Services Corporation (NYSE:STC), based in Houston, announced the acquisition of BCHH, a provider of real estate title and closing services serving individual and institutional investors and lenders. According to the company's press release distributed via Business Wire, the transaction reflects growing demand in this market segment, which the company attributes to evolving macroeconomic factors and consumer demand.
BCHH's business spans individual MLS transactions, single-family rental and build-to-rent (SFR/BTR) transactions, multi-state and multi-property bulk acquisitions and dispositions, and securitizations. Stewart CEO Fred Eppinger said BCHH brings a distinctive specialty in bulk transactions that complements Stewart's existing Lender Services businesses, and noted that BCHH's relationships with investor and lender customers make it a strong partner as Stewart expands its portfolio of service offerings.
Eppinger framed the acquisition as part of a broader strategy of building existing capabilities while adding differentiated ones, with the goal of positioning Stewart as a service provider of choice. He also said the deal underscores the company's commitment to investing in its business during turbulent market conditions, and described the ambition to build Stewart into the premier title services provider.
Charles Marino, President and Co-Founder of BCHH, said the firm's focus has been customer service and that it had been a partner of Stewart for years, sharing a similar commitment to the customer experience. He said joining Stewart would help BCHH keep pace with a constantly changing title industry and offer customers enhanced products and services, with plans to build on existing customer relationships and add value-added services.
The press release did not disclose the purchase price or other financial terms of the transaction. Stewart describes itself as a global real estate services company offering residential and commercial title insurance, closing and settlement services, and specialized mortgage industry offerings.
BCHH's business spans individual MLS transactions, single-family rental and build-to-rent (SFR/BTR) transactions, multi-state and multi-property bulk acquisitions and dispositions, and securitizations. Stewart CEO Fred Eppinger said BCHH brings a distinctive specialty in bulk transactions that complements Stewart's existing Lender Services businesses, and noted that BCHH's relationships with investor and lender customers make it a strong partner as Stewart expands its portfolio of service offerings.
Eppinger framed the acquisition as part of a broader strategy of building existing capabilities while adding differentiated ones, with the goal of positioning Stewart as a service provider of choice. He also said the deal underscores the company's commitment to investing in its business during turbulent market conditions, and described the ambition to build Stewart into the premier title services provider.
Charles Marino, President and Co-Founder of BCHH, said the firm's focus has been customer service and that it had been a partner of Stewart for years, sharing a similar commitment to the customer experience. He said joining Stewart would help BCHH keep pace with a constantly changing title industry and offer customers enhanced products and services, with plans to build on existing customer relationships and add value-added services.
The press release did not disclose the purchase price or other financial terms of the transaction. Stewart describes itself as a global real estate services company offering residential and commercial title insurance, closing and settlement services, and specialized mortgage industry offerings.
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