Stewart Title of Detroit Acquires Lapeer County Abstract and Title Co.

June 21, 2006

HOUSTON--(BUSINESS WIRE) Stewart Title of Detroit Inc. has acquired Lapeer County Abstract and Title Co. of Lapeer, Mich. Existing staff will remain with the company, and former president Don Schultz will serve as an advisor and consultant to the company.

Founded in 1971, the company will continue to operate under the same name. It has three locations: Sandusky, Caro and the Lapeer hub office.

"Stewart Title is thrilled to join with the associates of Lapeer County Abstract and Title Co., a highly respected and leading provider of title insurance and settlement services in its market," said John Tacia, president and chief executive officer, Stewart Title of Detroit.

"This is a market and a company in which we have had a long-time interest, and the timing was perfect for us to expand our service capabilities into the northern growth corridor of the greater Detroit market," said Tacia. "We have been familiar with Lapeer County Abstract and Title through its long association with Stewart Title Guaranty Co. as its title insurance underwriter.

"Since the first time I met these employees, it was clear to me there is a great fit with our organization," he added. "The first impression you get when you meet the staff is its commitment to excellence, friendliness and pride in their company.

"Lapeer is a dedicated user of the full suite of leading technology products of Stewart Information Services Corp., including the Ultima title information system, AIM® title production system and SureClose®, the leading title and settlement services transaction management system in the nation," said Tacia. "Because its staff members are advanced users of Stewart technology, they are on the leading edge of providing best-of-class products and services to their clients. These tools in turn help improve the productivity and success of their customers and companies."

Source: Stewart Title of Detroit and Stewart Title Guaranty Co.


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