Stewart Acquires Illinois-based Greater Illinois Title
December 21, 2021
Stewart Information Services Corp. acquired Illinois-based Greater Illinois Title Company (GITC).
Greater Illinois Title’s subsidiaries include Greater Florida Title Services, Greater Indiana Title Company, Greater Wisconsin Title Company, GIT Michigan Title Services, Greater Missouri Title and Greater Illinois Title Company.
In addition, Greater Illinois Title’s National Title Services Group does business in Arizona, Colorado, Georgia, Kansas, Minnesota, Mississippi, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, Tennessee, and West Virginia.
“By joining forces with GITC, the largest title agency in Illinois, we further demonstrate our commitment to investing and gaining scale in attractive markets in order to provide best-in-class products and services to our customers,” said Stewart Group President Steve Lessack. “GITC, like Stewart, has a long history of providing exceptional customer service, a world-class team of employees and a unique blend of capabilities in the market in which they operate.”
Greg Kosin, president of GITC, said that the company has remained committed to exceeding customer expectations in order to provide the best possible transaction experience over its 36-year history.
“As my partner, Chuck Papp, and I have gotten to know the Stewart team better, we see the same passion for customers and drive to be better each and every day,” Kosin said. “These shared values helped make the decision to join the Stewart family an easy one. Our customers, current management team and employees all will benefit from having access to the broader Stewart family of companies and we’re excited for our team to continue growing the GITC brand together.”
This acquisition builds on previous investments this year, including Signature Closers in February, digital mortgage origination platform Cloudvirga in May, a $192 million deal to acquire data and analytics provider Informative Research which closed in September and Stewart’s $175 million acquisition of property data aggregator PropStream in November.
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