Fidelity National Title Insurance Company and FNF Acquires the Assets of A New York Title Insurance Agency
|July 14, 2005|
Jacksonville, Fla. -- Fidelity National Financial, Inc. (NYSE:FNF) announced that its wholly owned subsidiary Fidelity National Title Insurance Company, Inc. (FNTIC) has acquired the assets of STG Associates, Inc., one of its premier title insurance agency relationships.
Under the terms of the acquisition, STG Associates will operate as a division of FNTIC and will continue to foster its long-standing customer relationships in Floral Park, New York, with the three principals of STG Associates, Paul Holmes, Margaret "Peggy" Dato and Richard Frey, continuing in their respective management leadership roles.
"This strategic acquisition signifies our commitment to the expansion of our FNTIC direct operations in the state of New York," said Raymond R. Quirk, President of FNF. "We have had a long and beneficial agency relationship with the principals of STG Associates and we are very pleased to have that relationship continue as a direct operation of FNTIC."
"We are very pleased to become a member of the FNF family of companies," said Paul Holmes, President of STG Associates. "Operating as a division of FNF will provide significant long-term benefits for both our title insurance customers and our valued employees."
Source: Fidelity National Financial, Inc.