Compass to Acquire Consumer's Title Company of California
May 10, 2022
Compass recently signed a definitive agreement to acquire Consumer's Title Company of California Inc., which is licensed in all 58 counties in the Golden State.
"I am thrilled to welcome Consumer's Title to Compass as we work to expand our closing services business throughout the state of California and beyond," said Pooneet Kant, senior vice president of New Business at Compass. "Consumer's Title's long-standing reputation for customer service speaks to the great work by their world-class, solutions-driven team whose ethical approach makes them ideal partners for Compass."
The transaction is expected to close before the end of the quarter. Terms of the deal are not being disclosed. The acquisition of Consumer's Title expands Compass' growing settlement services portfolio, which now serves agents and their clients across California, Colorado, Florida, Washington State, Maryland, Pennsylvania, New Jersey, Virginia, Texas and Washington, D.C. Nationwide, Compass agents transacted nearly a quarter of a million homes worth over $251 billion3 last year.
Consumer's Title has three offices in California. Founded in 2007, the company has over 40 escrow, title and sales managers. Compass will retain the Consumer's Title name following the acquisition. Its leadership team – President Joe Beckerle, EVP and General Manager Meagan Sullivan and CEO Brian Troop—will remain in their current roles.
"Compass and Consumer's Title both believe that pairing talented professionals with the best technology can make the title and escrow process more efficient and transparent for home buyers," said Brian Troop, CEO of Consumer's Title. "We are very excited to join forces with Compass and look forward to continuing to grow our business by providing clients with the highest level of service and local expertise throughout California."
Contact ALTA at 202-296-3671 or firstname.lastname@example.org.