Charlotte, North Carolina-based Insurance coverage dealer Truist Insurance coverage Holdings, Inc. studies it has agreed to accumulate the nationwide title insurance coverage company Kensington Vanguard Nationwide Land Companies.
The transaction expands Truist’s presence within the title insurance coverage market. Truist’s present title operation, BridgeTrust Title, shall be built-in into the Kensington Vanguard platform.
Kensington, headquartered in New York Metropolis, has workplaces in Arizona, Florida, New Jersey, Virginia and Texas. Based in 2002, Kensington Vanguard offers industrial and residential title insurance coverage, settlement, escrow and 1031 alternate providers. It was acquired by non-public fairness agency Stone Level Capital in 2016.
The transaction is anticipated to shut later within the first quarter. The phrases of the sale weren’t disclosed.
Truist Insurance coverage Holdings, a subsidiary of Truist Monetary Corp., operates greater than 240 workplaces via its subsidiaries: McGriff Insurance coverage Companies; CRC Insurance coverage Companies; Crump Life Insurance coverage Companies; AmRisc; and its premium finance firms AFCO Credit score, Prime Price Premium Finance and CAFO.
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