First American to Acquire Mother Lode Holding Company
January 12, 2022
First American Financial Corp. has signed an agreement to acquire California-based Mother Lode Holding Co.
Mother Lode, which was founded in 1987, operates 17 subsidiaries and has 92 offices in 11 states. The company’s principal subsidiary is Placer Title Company. Mother Lode’s subsidiaries operate primarily in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico.
“Mother Lode Holding Company’s reach, expertise and commitment to superior customer service aligns well with our existing operations and will augment our efforts to expand our coverage in key growth markets,” said Dennis Gilmore, chief executive officer at First American Financial. “With Mother Lode Holding Company and its subsidiaries, we will expand our ability to serve customers throughout many of the strongest housing markets in the U.S.”
Following the close of the transaction, Mother Lode and its operating subsidiaries will continue to operate under their existing brands. Mother Lode Chief Executive Officer Randy Bradley, Chief Operating Officer Lisa Steele and President Darrick Blatnick will remain with the company and manage the day-to-day operations.
“I’m excited about the new opportunities for our staff across our family of brands to serve our customers as the real estate market demonstrates continued strength,” Bradley said. “It was critical to our leadership team that any acquisition partner continue to support our employee-centric culture. First American's inclusion on the Fortune 100 Best Companies to Work For list for six consecutive years reflects that shared value.”
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