LandAmerica's Inspectech® Subsidiary Completes Acquisition in Texas and Arizona

January 12, 2005

Richmond, Virginia – LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, through its subsidiary Inspectech, Inc., announces the purchase of Home Critic, Inc. of Austin, Texas, and Landmark Home Inspection LLC of Phoenix, Arizona. With this move, Inspectech, one of the nation’s largest home inspection companies, further expands its presence in Texas and Arizona.

Operating since 1989, Home Critic provides residential property inspections in Austin and San Antonio. Billy Meyerdirk, the company’s founder, will continue to manage the local operation for Inspectech.

Landmark Home Inspection specializes in new construction inspections and will be consolidated into Inspectech’s current Arizona operation. Chris Prickett, Landmark’s founder, will remain with Inspectech to head its new construction business.

All inspectors of both companies are expected to join Inspectech, with backroom operations consolidated into Inspectech’s National Support Center located in Alpharetta, Georgia.

Source: LandAmerica Financial Group, Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.