The acquisition expands Stewart’s footprint in southwest Florida whereas retaining Townsend’s current department places and workers, in accordance with the announcement.
“For years, Tracy and her staff at Townsend have constructed a repute as specialists in title insurance coverage, and have succeeded by placing their buyer wants first,” mentioned Stewart Division President Robyn Dinsdale. “This acquisition is a win for our clients in southwest Florida as the identical trusted staff and distinctive service they know stays — now backed by the monetary power of a 132-year-old firm, using our experience and expertise to ship quicker, extra environment friendly closings. We will probably be stronger collectively.”
Townsend President Tracy Townsend mentioned the transaction supplies extra operational and technology sources for patrons whereas sustaining present service requirements.
“Becoming a member of Stewart means even better sources for our clients, together with farming merchandise, internet sheets, and superior expertise,” Townsend mentioned. “Our dedication to extraordinary service stays unchanged, and we sit up for collaborating and driving development collectively.”
Monetary phrases of the acquisition weren’t disclosed.
