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TRG successfully closes previously announced 'Go Private' Transaction with Doma Holdings, Inc.

Sep 27, 2024•about 1 year ago

Acquiring Company

Title Resources Group (TRG)

Acquired Company

Doma Holdings

San FranciscoCommercial Real Estate

Description

Doma Holdings, Inc. (NYSE: DOMA) has successfully closed on its previously announced plan of merger with Title Resources Group (TRG), one of the nation’s leading title insurance underwriters. As a result of the transaction, Doma’s underwriting division, Doma Title Insurance, Inc., will operate as a subsidiary of TRG, while Doma’s technology division has been renamed Doma Technology LLC ('Doma TechCo') and will operate on a separately capitalized basis.

Company Information

Company

Title Resources Group (TRG)

About

Title Resources Group – the underwriter built for the real estate industry – is one of the nation's largest title insurance underwriters, according to the American Land Title Association's 2021 market share data. A joint venture with Centerbridge Partners, L.P. and Realogy Holdings Corp., TRG serves title insurance agents in 37 states and the District of Columbia. With $163 million in liquid assets at year-end 2021, its financial strength and stability are rated A' (Unsurpassed) by Demotech, Inc., and B++ (Good) by AM Best Rating Services, and since its inception, the company has consistently operated profitably without a net operating loss in any fiscal year. With a mission to provide knowledgeable and responsive underwriting solutions, TRG is dedicated to growing lifelong relationships and maintaining quality through integrity and financial stability. For more information, please visit www.titleresources.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed