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Ambac Acquires Riverton Insurance Agency

Ambac Acquires Riverton Insurance Agency

by Phil Hall | Aug 7, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Ambac Financial Group Inc. (NYSE: AMBC), a financial services holding company, has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business consisting of a managing general agent (MGA) and a retail agency. Riverton’s...
Kensington Vanguard Acquires James P. Lazar PC

Kensington Vanguard Acquires James P. Lazar PC

by Phil Hall | Aug 3, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Kensington Vanguard National Land Services, a New York City-headquartered national title insurance and settlement agency, has acquired James P. Lazar PC, a Dallas-headquartered national commercial title insurance provider.  The financial terms of the transaction were...
Rithm Capital Buys Sculptor Capital Management for $639 Million

Rithm Capital Buys Sculptor Capital Management for $639 Million

by Phil Hall | Jul 24, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Rithm Capital Corp. (NYSE: RITM), a New York City-based asset manager focused on the real estate and financial services industries, announced it is acquiring Sculptor Capital Management Inc. (NYSE: SCU), a global alternative asset manager with $34 billion in assets...
Public Storage Pays $2.2 Billion to Acquire Simply Self Storage from Blackstone

Public Storage Pays $2.2 Billion to Acquire Simply Self Storage from Blackstone

by Phil Hall | Jul 24, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Glendale, California-based Public Storage (NYSE:PSA) is acquiring rival Simply Self Storage for $2.2 billion from Blackstone Real Estate Income Trust Inc. (BREIT), a subsidiary of Blackstone (NYSE:BX). The Simply portfolio includes 127 wholly-owned properties and 9...
Black Knight Sells Optimal Blue for $700 Million

Black Knight Sells Optimal Blue for $700 Million

by Phil Hall | Jul 17, 2023 | Current News & Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Black Knight Inc. (NYSE: BKI) is selling its Optimal Blue business to a subsidiary of the Canadian-based Constellation Software Inc. (TSX: CSU) for $700 million. The structure of the proposed transaction includes a payment by Constellation of $200 million in cash,...
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