Farmington Hills-based Best Homes Title Agency, a title service company, has acquired Rochester Hills-based Homeowners Title Agency in an effort to increase its footprint across the state and in metro Detroit. Terms of the deal were not disclosed.
“In the past few years, we’ve added offices in Troy, Waterford Township, Big Rapids, and Greenville,” says Neil Sherman, president of Best Homes Title. “Now, we’ve got a presence in Rochester Hills. This not only increases our footprint, but it also increases our residential expertise.”
Best Homes Title now has 13 full-service offices across the state in locations such as Saginaw, Bay City, Grandville, and Southgate. The agency has 75 employees. As part of the acquisition, eight Homeowners Title Agency employees will continue work from the Rochester Hills location.
Real-estate attorneys Peter Schneiderman and Neil Sherman founded Best Homes Title in 2006. The agency offers title and settlement services for residential and commercial real estate transactions. Sherman says the company averages more than 1,000 transactions a month.
Real-estate attorney Phil Campbell founded Homeowners Title Agency in 2004. Campbell will serve as an adviser during the transition.