M&A Deal Summary

First American Acquires TD Service Financial

On October 10, 2016, First American acquired information technology company TD Service Financial

Acquisition Highlights
  • This is First American’s 3rd transaction in the Information Technology sector.
  • This is First American’s 7th transaction in the United States.
  • This is First American’s 3rd transaction in California.

M&A Deal Summary
Date 2016-10-10
Target TD Service Financial
Sector Information Technology
Buyer(s) First American
Deal Type Add-on Acquisition

Target

TD Service Financial

Santa Ana, California, United States
TD Service Financial Corp. is a provider of technology and services to the mortgage banking industry that specializes in post-closing services and document management. TD Service Financial Corporation is the parent company of several subsidiaries that will be included in the acquisition, including TD Service Company, Security Connections, Inc. (SCI) and TD Quality Control Services.

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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 7 of 14
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 5 of 12
State (California) 3 of 4
Country (United States) 7 of 14
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-06 RedVision Systems

Parsippany, New Jersey, United States

RedVision Systems, Inc. is provider of title insurance, settlement services and risk solutions for real estate transactions. RedVision, which is based in New Jersey, offers title evidence solutions, including data, technology and managed services focused on the procurement and processing of title information.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 PC Network

Pittsburgh, Pennsylvania, United States

PC Network is a technology infrastructure services company involved in providing mortgage closing services. PC Network is based in Pittsburgh, Pennsylvania.

Buy -
Mergr

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