Florida-based Title Company Expands Footprint with Acquisition
|April 26, 2011|
Clearwater, Fla.-based Bay National Title expanded its footprint with the purchase of Criterion National Real Estate Solutions of Jacksonville, N.C. The acquisition provides an increase in both market share and intellectual capital for the Bay National team, the company announced.
The management team of Criterion has been retained by Bay National. Craig Simpson joins Bay National as the national sales manager, after holding the same title at Criterion. His experience as a national marketing and sales professional in the title insurance industry will enable him to aid Bay National’s U.S. expansion while continuing to offer impeccable client service.
Jeremy Solomon joins the Bay National team as business process director and vendor manager. He has specialized in business process development at a range of national title companies, culminating in his position as president of Criterion. Solomon brings to the table his expertise in national settlement services, software implementation, process mapping and vendor management on the national scale.
“We are very excited about this merger,” said Bay National CEO Evan Grimm. “The Criterion team adds significant skills and national experience to the Bay National team, allowing us to rapidly expand our services nationally to meet the needs of our clients. In addition to this merger, Bay National’s recent licensing campaign means we can offer our clients a one-stop shop for all of their title insurance and settlement services needs nationwide. We look forward to maintaining and expanding our reputation for excellent client services.”
Bay National utilizes several underwriters, including Fidelity National Title Co., Commonwealth Land Title Insurance Co., First American Title Insurance Co., Westcor Land Title Insurance Co. and WFG National Title Insurance Co.