Compass to acquire LegacyTexas Title
Compass, one of the largest residential brokerages in the country, has signed a definitive agreement to acquire LegacyTexas Title , a title insurance agency serving Dallas-Fort Worth.
The transaction is contingent upon regulatory approval and is expected to close before the end of the year. The terms of the deal are not being disclosed. In February of this year Compass announced the acquisition of Washington D.C. area title insurance and settlement services company, KVS Title. In October of 2020 the company acquired the title and escrow software startup, Modus. The addition of LegacyTexas Title will further extend Compass’ fast-growing title and escrow services portfolio, which now serves California, Florida, Washington State, Maryland, Virginia, Washington D.C. and Texas.
“At Compass, when we hear that agents love something, we take notice, and when we look at the Dallas market, it’s clear that Compass agents are overwhelmingly choosing to work with LegacyTexas Title. We’re thrilled to welcome LegacyTexas Title to Compass, their incredible reputation and their track record of impeccable service makes them an ideal partner for Compass as we grow our adjacent services business throughout all our markets.” – Compass founder and CEO Robert Reffkin.
“Compass and LegacyTexas Title approach customer service the same way – we both believe that when you combine a reliable process with exceptional customer service you’re able to create a best-in-class experience for your customers. We’re excited to join Compass during this pivotal time in the real estate industry and we look forward to taking our company to the next level.” – Laurence Henry, President of LegacyTexas Title.