First American Announces Agreement To Acquire Mother Lode Holding Company And Its Operating Subsidiaries
Jan 12, 2022•almost 4 years ago
Acquiring Company
First American
Acquired Company
Mother Lode Holding Company
Description
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, announced today the signing of an agreement for First American’s acquisition of Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 17 operating subsidiaries throughout the U.S., including its principal subsidiary Placer Title Company. The closing of the transaction is subject to regulatory approvals and the satisfaction of customary closing conditions.
M&A Insights
Based on deal dataIntegration 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