M&A Deal Summary

First American Acquires Flood Data Services

On January 1, 1995, First American acquired real estate company Flood Data Services from Antares Capital

Acquisition Highlights
  • This is First American’s 1st transaction in the Real Estate sector.
  • This is First American’s 1st transaction in the United States.
  • This is First American’s 1st transaction in Ohio.

M&A Deal Summary
Date 1995-01-01
Target Flood Data Services
Sector Real Estate
Buyer(s) First American
Sellers(s) Antares Capital
Deal Type Add-on Acquisition

Target

Flood Data Services

Cleveland, Ohio, United States
Flood Data Services is a real estate information services for mortgage, banking, and other financial companies. Flood Data Services is based in Cleveland, Ohio.

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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 1 of 14
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 12
State (Ohio) 1 of 1
Country (United States) 1 of 14
Year (1995) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-05 SafeRent

Denver, Colorado, United States

SafeRent, Inc., is a provider of risk management services to large, institutional multi-family property owners and managers in the U.S. The company utilizes a proprietary statistical credit-scoring model which allows property managers to screen prospective apartment renters via the company's website, providing an instant rental recommendation.

Buy -

Seller(S) 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 3 of 44
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 2 of 19
State (Ohio) 1 of 5
Country (United States) 3 of 43
Year (1995) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-05-01 BancWest Bancorp

Austin, Texas, United States

BancWest Bancorp is a Community bank holding company and it provides Financial services. BancWest Bancorp was founded in 1983 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-01 Sano

County Westmeath, Ireland

Sano is a transdermal drug delivery company. Sano based in County Westmeath, Ireland.

Sell -
Mergr

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