M&A Deal Summary

First American Acquires First American Docutech

On February 13, 2020, First American acquired financial services company First American Docutech from Serent Capital

Acquisition Highlights
  • This is First American’s 1st transaction in the Financial Services sector.
  • This is First American’s 10th transaction in the United States.
  • This is First American’s 1st transaction in Idaho.

M&A Deal Summary

Date 2020-02-13
Target First American Docutech
Sector Financial Services
Buyer(s) First American
Sellers(s) Serent Capital
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

First American Docutech

Idaho Falls, Idaho, United States
First American Docutech provides an end-to-end integrated digital mortgage experience that enables lenders to accelerate the real estate closing process. The company digitizes and streamlines the creation, delivery, execution, and perfection of mortgage documents. First American Docutech sets the standard in providing market-proven technology and unrivaled customer service to the financial industry. First American Docutech was formed in 1991 and is based in Idaho Falls, Idaho.

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Buyer(S) 1

Buyer

First American

Santa Ana, California, United States

Category Company
Founded 1889
Sector Financial Services
Employees19,210
Revenue 6.0B USD (2023)
DESCRIPTION
Entrance to First American Financial's corporate headquarters in Santa Ana, California.
Entrance to First American Financial's corporate headquarters in Santa Ana, California.

First American is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The specialty insurance segment issues property and casualty insurance policies and sells home warranty products. First American was incorporated in 1889 and is based in Santa Ana, California.


DEAL STATS #
Overall 10 of 14
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 8 of 12
State (Idaho) 1 of 1
Country (United States) 10 of 14
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Title Security Agency

Tucson, Arizona, United States

Title Security Agency LLC specializes in title and escrow services for residential and commercial transactions. Title Security Agency is based in Tucson, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 GreenFolder

Irvine, California, United States

GreenFolder, Inc. is a provider of an electronic office management software solutions. GreenFolder is based in Irvine, California.

Sell -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 11 of 27
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 9 of 23
State (Idaho) 1 of 1
Country (United States) 11 of 25
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 ePayPolicy

Austin, Texas, United States

ePayPolicy is an electronic payment solutions for the independent insurance industry. Specifically, the company has been on a mission to replace paper checks by enabling policyholders to pay electronically via credit card or ACH. ePayPolicy was founded in 2017 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 SHR

Houston, Texas, United States

SHR provides meaningful technology that helps hotels execute their best revenue-generation strategies. The company serves thousands of properties around the globe with an evolving suite of AI-driven solutions, ranging from high-level distribution to intricate guest management. In addition, it offers Revenue Management for Hire to brands, chains, and management companies. SHR was founded in 2012 and is based in Houston, Texas.

Buy -