Divestiture • Insurance

Essent Acquires Agents National Title Insurance

On February 2, 2023, Essent acquired insurance company Agents National Title Insurance from Incenter

Acquisition Context
  • This is Essent’s 1st transaction in the Insurance sector.
  • This is Essent’s 2nd transaction in the United States.
  • This is Essent’s 1st transaction in Missouri.

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M&A Deal Summary

Date February 2, 2023
Target Agents National Title Insurance
Sector Insurance
Buyer(s) Essent
Sellers(s) Incenter
Deal Type Divestiture

Target Company

Agents National Title Insurance

Columbia, Missouri, United States
Agents National Title Insurance is a provider of residential and commercial title insurance services through a national network of independent title agents. Agents National Title Insurance Co. was founded in 2005 and is based in Columbia, Missouri.
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Buyer Overview 1

Buyer

Essent

Hamilton, Bermuda

Category Company
Founded 2008
Sector Financial Services
Employees521
Revenue 1.3B USD (2024)
DESCRIPTION

Essent is a holding company that serves the housing finance industry by offering mortgage insurance, reinsurance and risk management products to mortgage lenders and investors to support homeownership. Essent was founded in 2008 and is based in Hamilton, Bermuda.


Deal Context for Buyer #
Overall 2 of 2
Sector: Insurance 1 of 1
Type: Divestiture 2 of 2
State: Missouri 1 of 1
Country: United States 2 of 2
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Boston National Title

Charlotte, North Carolina, United States

Boston National Title is a provider of comprehensive, residential and commercial title and settlement services in all 50 states; leveraging state-of-the-art technology and a unique, channel-specific service delivery model. Boston National Title was founded in 2006 and is based in Charlotte, North Carolina.

Buy -

Seller Profile 1

SELLER

Incenter

Fort Washington, Pennsylvania, United States

Category Company
Sector Business Services
DESCRIPTION

Incenter is a family of companies whose daily mission is to have a meaningful, measurable impact on client businesses and bottom lines. With a variety of services, Incenter creates solutions that enable mortgage and specialty lenders to optimize operational and financial performance while continuously increasing their value to their customers. Incenter is based in Fort Washington, Pennsylvania.


Deal Context for Seller #
Overall 2 of 2
Sector: Insurance 1 of 1
Type: Divestiture 2 of 2
State: Missouri 1 of 1
Country: United States 2 of 2
Year: 2023 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Boston National Title

Charlotte, North Carolina, United States

Boston National Title is a provider of comprehensive, residential and commercial title and settlement services in all 50 states; leveraging state-of-the-art technology and a unique, channel-specific service delivery model. Boston National Title was founded in 2006 and is based in Charlotte, North Carolina.

Sell -