Divestiture • Insurance

Chronos Solutions Acquires Commerce Title and Closing Services

On February 3, 2016, Chronos Solutions acquired insurance company Commerce Title and Closing Services from Auction.com

Acquisition Context
  • This is Chronos Solutions’ 1st transaction in the Insurance sector.
  • This is Chronos Solutions’ 3rd transaction in the United States.
  • This is Chronos Solutions’ 1st transaction in Texas.

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M&A Deal Summary

Date February 3, 2016
Target Commerce Title and Closing Services
Sector Insurance
Buyer(s) Chronos Solutions
Sellers(s) Auction.com
Deal Type Divestiture

Target Company

Commerce Title and Closing Services

Dallas, Texas, United States
Commerce Title and Closing Services LLC is a provider of various title, escrow and settlement services.
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Buyer Overview 1

Buyer

Chronos Solutions

Frisco, Texas, United States

Category Company
Founded 2004
Sector Real Estate
DESCRIPTION

Chronos Solutions is a real estate finance services provider delivering elite mortgage and real estate services across the industry.


Deal Context for Buyer #
Overall 3 of 4
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 3 of 4
Year: 2016 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Cogent Road

La Jolla, California, United States

Cogent Road, Inc. is a provider of credit and data purchasing platform designed for mortgage lenders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-28 UPF Services

Spokane Valley, Washington, United States

UPF Services LLC is a provider of residential and commercial real estate mortgage and loan services to its financial institution customers. Mortgage lenders and loan servicers use these services to quantify and qualify risk and manage loss mitigation throughout the mortgage and loan spectrum.

Buy -

Seller Profile 1

SELLER

Auction.com

Irvine, California, United States

Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Auction.com is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online. Auction.com was founded in 2007 and is based in Irvine, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Insurance 1 of 1
Type: Divestiture 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Allre

San Diego, California, United States

Allre, Inc. is an online real estate marketplace.

Buy -