Doma Sells Operations in Midwest, Texas
July 20, 2023
Doma has sold its operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies.
Near North Title Group acquired Doma’s 30 offices in the Midwest, while Capital Title of Texas LLC purchased the operations in Texas.
In the deal, Near North Title Group will add 100 industry professionals with thousands of years of collective experience onto the team. Near North Title now has nearly 60 offices in six Midwestern states and Florida.
"Our mission at Near North Title Group is to partner with our clients and protect their interests throughout the real estate transaction process," said Dan Fowler, CEO of Near North Title Group. "This acquisition represents a tremendous opportunity for us to extend our reach and enhance our ability to serve clients across the Midwest. We are excited to welcome the talented team from Doma.”
Among those joining Near North include Alex Grundhoffer, Doma's national chief operating officer of local branch operations, and Doma managing directors of Minnesota, Wisconsin, Illinois and Indiana.
"The synergies of our collective management team and office locations made Near North the perfect home for our valued employees and clients,” Grundhoffer said. “Near North's culture and industry knowledge, especially so given the strong national commercial capabilities, will bring value to our local teams and communities. My team looks forward to being a part of the Near North family."
“These strategic transactions are aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business," said Max Simkoff, Founder and CEO of Doma. "Our Texas and Midwest operations have a track record of providing excellent customer service. We believe we have found optimal homes for our Local team members in the branches we have sold. I want to thank these teams for their hard work and dedication to Doma and our vision over the years.”
Capital Title of Texas is a member of The Shaddock Title Companies.
"We are thrilled to welcome the talented team from DOMA to the Capital Title Family," said Bill Shaddock, CEO of The Shaddock Title Companies. "Their expertise and deep understanding of the Texas market will be invaluable as we continue to expand our operations and deliver exceptional title and escrow services to our customers. This acquisition strengthens our position as a leading title company in Texas."
In May Williston Financial Group acquired 22 of Doma’s retail title locations and operations centers in the Northern and Central California.
Contact ALTA at 202-296-3671 or communications@alta.org.