M&A Deal Summary

First American Acquires ServiceMac

On October 26, 2020, First American acquired financial services company ServiceMac

Acquisition Highlights
  • This is First American’s 2nd transaction in the Financial Services sector.
  • This is First American’s 11th transaction in the United States.
  • This is First American’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2020-10-26
Target ServiceMac
Sector Financial Services
Buyer(s) First American
Deal Type Add-on Acquisition

Target

ServiceMac

Fort Mill, South Carolina, United States
ServiceMac is focused on providing superior technology, products, and services for the mortgage industry backed by highly personalized service and support. The innovative mortgage subservicing company offers lenders, investors, and other mortgage servicers personalized solutions that span the mortgage continuum and enhance security, customer satisfaction, and profitability. ServiceMac was formed in 2017 and is based in Fort Mill, South Carolina.

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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 11 of 14
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 9 of 12
State (South Carolina) 1 of 1
Country (United States) 11 of 14
Year (2020) 3 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 First American Property and Casualty Insurance Agency

Santa Ana, California, United States

First American Property and Casualty Insurance Agency is a provider of property and casualty business. First American Property and Casualty Insurance Agency is based in Santa Ana, California.

Sell -
Mergr

Product

Company

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