Compass to Acquire LegacyTexas Title
September 16, 2021
In a move to strengthen its title and escrow business, Compass has signed a definitive agreement to acquire LegacyTexas Title Co.
"At Compass, when we hear that agents love something, we take notice, and when we look at the Dallas market, it's clear that Compass agents are overwhelmingly choosing to work with LegacyTexas Title," said Robert Reffkin, founder and CEO of Compass. "We're thrilled to welcome LegacyTexas Title to Compass, their incredible reputation and their track record of impeccable service makes them an ideal partner for Compass as we grow our adjacent services business throughout all our markets."
The transaction is contingent upon regulatory approval and is expected to close before the end of the year. The terms of the deal were not disclosed. In February, Compass announced the acquisition of Washington D.C.-based KVS Title. In October, the company acquired title and escrow software startup Modus. Compass now serves California, Florida, Washington, Maryland, Virginia, Washington D.C. and Texas.
"Compass and LegacyTexas Title approach customer service the same way—we both believe that when you combine a reliable process with exceptional customer service you're able to create a best-in-class experience for your customers," said Laurence Henry, president of LegacyTexas Title. "We're excited to join Compass during this pivotal time in the real estate industry and we look forward to taking our company to the next level."
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