LandAmerica Inspectech® Completes Acquisitions in California and Ohio
|August 4, 2004|
Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, through its subsidiary Inspectech, announces the purchase of Inspection Pros, Inc., of San Ramon, California, and Becker Engineering of Cincinnati, Ohio. Both companies provide commercial and residential property inspections and will further expand Inspectech’s presence in key metropolitan markets.
Operating since 1993, Inspection Pros is the largest inspection company in the East Bay market of California. Paul Bloomberg, the company’s founder, will continue in his role as President of Inspection Pros and will participate at the executive level on all national growth initiatives for Inspectech.
Becker Engineering has been in operation since 1989, serving the entire Cincinnati area. Bob Becker, the company’s founder, will also continue in his current role and be responsible for continued expansion into other key Ohio markets.
Inspectech has been executing a controlled expansion strategy through organic growth and selected acquisitions in key markets. The company specializes in providing a professional approach to the inspection process. This includes dedicated customer service, extended advice for consumers, and a sophisticated technology platform that enables consumers and real estate professionals to navigate through all the property condition aspects of a real estate transaction.
Source: LandAmerica Financial Group, Inc.