Title Professionals and Abstract Co. was acquired by Title Midwest Inc. and its family of 58 title and closing agencies. Terms were not disclosed, but the local agency will remain Title Professionals and Abstract Co., and all eight full-time employees are being retained.
According to an article in the St. Cloud Times, Title Professionals will make gains in technology and relationships with more underwriters as a result of the acquisition. Mary Ann Nunes, president of Title Professionals and Abstract Co., said those developments will be “hugely significant” going forward.
“Business is conducted on a broader scale these days,” Nunes said. “These relationships among offices are very valuable. The interconnectedness provides access to many more services and resources for our clients.”
Title professionals was Zapp Abstract and Title before being sold to Commonwealth Land Title Insurance Co. It was then acquired by Title Professionals and Abstract Co.