Stewart Information Services Corporation (NYSE:STC) announced its acquisition of the All New York Title Agency Inc.
Founded in 1995 and headquartered in White Plains, New York, All New York serves affordable housing, supportive housing and senior housing clients throughout New York State, along with properties in the residential, condominium and multifamily markets.
The financial terms of the acquisition were not announced.
“This acquisition is yet another example of our commitment to investing in growing our National Commercial Services business,” said Stewart CEO Fred Eppinger. “While we continue to navigate a historically difficult commercial market, we believe there are opportunities to grow our commercial presence in unique sectors such as energy and affordable housing. All New York has built extensive expertise and a strong reputation by working with attorneys, developers, not-for-profits, tax credit investors, bankers and municipal agencies across all levels of the state. They’re an important addition to the Stewart family as we strengthen and build new and additional capabilities on our journey to become the Premier Title Services Company.”
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