Dream Finders Homes (NYSE: DFH), a homebuilder based in Jacksonville, Florida, announced its acquisition of Alliant National Title Insurance Company Inc. and a related affiliate.
Based in Longmont, Colorado, Alliant National is a title insurance underwriter with more than 700 independent agents in 32 states and the District of Columbia. According to the companies, Alliant National is the largest independent title underwriter in the country with no direct or affiliated operations.
The financial terms of the acquisition were not disclosed.
“This is a strategic acquisition for DFH and allows us to further vertically integrate alongside our existing title insurance agency business while facilitating growth in the title insurance marketplace,” said Dream Finders’ Chairman and CEO Patrick Zalupski. “We are excited to partner with a successful and motivated Alliant National team and believe our homebuilding operations can add meaningfully to the bottom line of Alliant National, which will in turn benefit the bottom line of DFH.”
“Building on almost 20 years of serving independent title agents, we are thrilled to partner with Dream Finders Homes and envision an exciting future,” added David Sinclair, president and CEO of Alliant National. “The collaboration of an innovative builder, strong title agency, and the Alliant National underwriting team will promote our long-term success and growth into a national competitor.”
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