Stewart Acquires Minority Interest in Stewart Title of the Black Hills Inc. of Deadwood, Spearfish and Belle Fourche, S.D.
June 20, 2005
HOUSTON, /PRNewswire-FirstCall/ -- Stewart Title Co. has acquired a minority interest in Stewart Title of the Black Hills Inc., which owns Lawrence Title Co., located in Deadwood and Spearfish, S.D., and Belle/Butte Title Co. in nearby Belle Fourche. Existing management and staff will remain with the offices.
"This is a key acquisition for Stewart Title in South Dakota," said Rand Zimmerman, group president, Stewart Title Co. "These towns are in a fast- growing gaming and recreation area located northwest of Rapid City.
"This area in western South Dakota is one of the fastest-growing areas in the state, located north of the Mount Rushmore National Memorial," he added. "The offices provide coverage in both Lawrence and Butte counties."
"Stewart Title has been our underwriter since 1998 and we're looking forward to working with them more closely," said Donald Zacher, general manager, Lawrence Title Co. "We will continue our same great customer service, which includes next-day service on all our title commitments."
Source: Stewart Information Services Corp