Stewart Expands Presence in New Mexico
April 13, 2021
Stewart Title recently acquired Santa Fe, N.M.-based Prima Title LLC.
“As we continue to execute on our strategy of building out and prioritizing strengthening our local markets, the addition of the Prima team in Santa Fe makes us the leader in the local market,” said Ryan Swed, group senior vice president for Stewart Title. “They have built strong real estate relationships, are known for excellent service, and I couldn’t be more excited to add their industry experience and talent to the Stewart family in New Mexico.”
Stewart has made several acquisitions the past several months. In March, it purchased A.S.K. Services. In September, Stewart acquired Yukon Title Co. in Alaska. That deal followed the purchase of 57 title offices in Arizona, Colorado and Nevada from ET Investments. Also last year, Stewart acquired Pro Teck Valuation Intelligence and NotaryCam.
Stewart captured 14.4 of the title insurance market in New Mexico in 2020, according to ALTA market share data.
“For years, we have dedicated ourselves to providing Santa Fe with the highest caliber of title and closing services, building a solid reputation in the market and an employee culture of ownership that fits with Stewart’s vision,” said J. Michael Hyatt, general counsel for Prima Title. “By joining Stewart, our employees and customers will greatly benefit from the security of Stewart’s financial strength, and the growth opportunities a solid national company can provide.”
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