FARMINGTON HILLS, Mich., November 18, 2009 — Attorneys Title Agency (ATA), a Farmington Hills-based, full-service title company, announced today that it has acquired a controlling interest in Bloomfield Hills-based Seaver Title Company. ATA Chairman and CEO David A. Trott made the announcement.
The transaction, which closed on November 16, combines ATA’s advanced technology, financial strength, and vertically integrated service model with Seaver Title’s outstanding reputation, brand recognition, and track record of providing unmatched service in both the retail and commercial title areas. Phil Seaver will continue to serve as president of Seaver Title Company and will retain an equity ownership.
“This is a perfect marriage,” said Seaver. “Our two organizations serve complimentary markets. This new relationship provides a clear path for us to combine our unique abilities and deliver a product that is substantially better than anything in the market today.”
Seaver Title Company will retain its name and continue to operate and expand in Southeast Michigan. With ATA’s offices, the combined entity will have 18 offices throughout Michigan and employ more than 400 people.
“This acquisition reinforces ATA’s commitment to continuing to build the strongest and most respected title agency in Michigan,” said William Robinson, president of ATA. “We will continue to seek opportunities to advance our technology, strengthen our service model, and gain greater traction and reach statewide.”
ATA is targeting an additional 12 locations in Michigan over the next two years.
Founded in 1976, Seaver Title Company, an Attorneys Title Agency organization, is a full-service title firm providing comprehensive services to companies and individuals involved in residential and commercial real estate transactions. Seaver Title is committed to delivering superior client service by retaining a knowledgeable, experienced staff. For more information, please visit www.seavertitle.com.