Stewart Information Services Corp., a global real estate service company based in Houston, announced it has acquired Troy’s Devon Title Agency, one of the larges title agencies in Michigan. Terms of the transaction were not disclosed.
“The addition of Devon to the Stewart family of companies establishes us as one of the market leaders in Michigan,” says Steve Lessack, president of Stewart. “Devon is a well-respected brand with a great team of associates who deliver outstanding service to residential, commercial and lender customers.
“The complementary strengths and capabilities they bring will only further strengthen both companies and create additional opportunities for each as we look to their management team to continue building the Devon brand.”
Devon says it looks deeper into the title research, examining all the things a typical title insurance company reviews, then going a step further to make sure there are no out-of-the-ordinary legal issues that could apply.
It is an attorney-based title insurance company, which some estimates suggest is less than 20 percent of the industry. This allows any legal problems that arise to be solved immediately without the needs to contact additional experts.
“We are very excited about joining the Stewart family of companies and with the opportunities to work with their industry leading team of title professionals,” says Dan Lievois, CEO of Devon. “Having the backing of a company like Stewart also provides financial strength and leading-edge technology that will further enhance our growth objectives throughout the Michigan marketplace.
“Stewart’s culture, which highlights the importance of teamwork, coupled with their technology, was a key point for us and made joining Stewart a natural fit. I am confident that this new and exciting relationship will bring considerable value to both our customers and our team members.”