ATA National Title Group, a full-service title insurance agency based in Farmington Hills, announced it has acquired the assets of Absolute Title Inc. in Ann Arbor. Terms of the deal were not disclosed.
“As a leading independent title insurance agency in the Midwest, growth is a key part of our vision,” says Brian Roberts, president of ATA. “We have long targeted the Ann Arbor area for expansion. Absolute Title has been a leading title company in Ann Arbor since its founding in 1993. Their experience, coupled with our resources, will allow us together to provide superior services to a widening group of customers.”
Absolute Title will maintain its office in Ann Arbor, as well as its 17 employees, adding to ATA’s established presence. Currently, ATA operates 41 offices in Michigan.
As a title agency representing three major underwriters — Old Republic National Title Insurance Co., First American Title Insurance Co., and Stewart Title Guaranty Co. — Absolute Title provides an array of services to real estate agents, lenders, builders, attorneys, and buyers, and sellers.
It offers services including residential title insurance and closings, commercial title insurance and closings, construction loan closings, monitoring and disbursements, title searches, escrow services, document preparation, and for sale by owner assistance.
“ATA’s culture and resources made this acquisition a natural fit for Absolute Title Inc.,” says Christy Perros, president of Absolute Title Inc. “Our customers and employees will all benefit from the new resources we are gaining.”
ATA is licensed to issue title insurance in 30 states and, through partnering relationships, offers title and settlement services in all 50 states. It maintains more than 60 offices staffed by over 450 employees located throughout the states of Michigan, Ohio, Indiana, and Illinois.