Armatage Capital Acquires Meridian Title
March 9, 2021
Armatage Capital announced it has acquired Meridian Title Corp., which has 34 offices in Indiana and Michigan.
Financial terms of the transaction were not disclosed. Britehorn Partners served as exclusive investment banker in the deal.
Meridian Title was founded in 1938.
"When we started the sale process, our goal was to find the right partner to continue the company's proud legacy of service to our clients and our family culture," said Mark Myers, outgoing CEO of Meridian Title. "We are grateful to the Britehorn Partners team, led by Brett Story, for identifying Armatage as the right buyer and guiding us to a successful transaction."
Randy Rempp founded Armatage Capital in 2018 as acquisition fund.
"I am very excited to get to work with the Meridian team and build upon the company's strong foundation and sterling reputation," said Rempp, who will serve as CEO of Meridian Title. "We have evaluated countless businesses over the years and believe we have found the perfect acquisition in Meridian."
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