M&A Deal Summary

loanDepot Acquires American Coast Title

On December 1, 2016, loanDepot acquired financial services company American Coast Title from Closing USA

Acquisition Highlights
  • This is loanDepot’s 3rd transaction in the Financial Services sector.
  • This is loanDepot’s 3rd transaction in the United States.
  • This is loanDepot’s 1st transaction in California.

M&A Deal Summary
Date 2016-12-01
Target American Coast Title
Sector Financial Services
Buyer(s) loanDepot
Sellers(s) Closing USA
Deal Type Divestiture

Target

American Coast Title

Glendale, California, United States
American Coast Title, Inc. is a provider of escrow closings and title insurance services for real estate transaction lenders.

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Buyer(S) 1

Buyer

loanDepot

Foothill Ranch, California, United States
Category Company
Founded 2010
Sector Financial Services
Employees4,188
Revenue 739M USD (2023)
DESCRIPTION

loanDepot is a provider of online direct-to-consumer mortgage loans to borrowers. The company also provides settlement services, real estate services, insurance brokerage services, and other consumer insurance policies. IoanDepot was founded in 2010 and is based in Foothill Ranch, California.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Closing USA

Rochester, New York, United States

Closing USA LLC is a national title, escrow and settlement company.

Buy -

Seller(S) 1

SELLER

Closing USA

Rochester, New York, United States
Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

Closing USA LLC is a national title, escrow and settlement company.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-18 American Coast Title

Glendale, California, United States

American Coast Title, Inc. is a provider of escrow closings and title insurance services for real estate transaction lenders.

Buy -
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