Compass to Acquire Denver-based First Alliance Title
September 23, 2021
Compass has signed a definitive agreement to acquire Denver-based First Alliance Title LLC.
"Compass firmly believes that agents are, and will continue to be, central to the real estate transaction. For agents to be truly great at their jobs they deserve an end-to-end platform that provides them with complete transparency over the entire process," said Pooneet Kant, senior vice president of new business for Compass. "Today as we announce our plans to acquire First Alliance Title, one of the most respected title and escrow companies in Colorado, we are one step closer to realizing our vision of a seamless real estate experience."
First Alliance Title has three offices in Denver. The transaction is expected to close before the end of the year and the terms of the deal are not being disclosed.
"We are incredibly excited to be joining Compass, a partner that shares our passion for providing outstanding service, and investing in the best technology in the business,” said Greg Parham, co-founder and president of First Alliance Title. “This partnership not only provides us the opportunity to extend our network and advance the goals of our business, it enables us to strengthen the unique service and company culture that our customers and staff have grown to love. This is an exciting time for the Colorado real estate industry, and we're fortunate to have found a partner that shares our vision for the future."
In February, Compass announced the acquisition of Washington, D.C.-based KVS Title and in September acquired Dallas-Fort Worth-based LegacyTexas Title. The addition of First Alliance Title expands Compass' growing title and escrow services portfolio, which now serves California, Colorado, Florida, Maryland, Texas, Virginia, Washington and Washington, D.C.
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