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Old Republic Title Announces Acquisition Of Veritas Title Partners, L.P.

Oct 03, 2022•about 3 years ago

Acquiring Company

Old Republic International Corporation

Acquired Company

Veritas Title Partners

KennesawInsurance

Description

Old Republic Title has acquired the operating assets of Houston-based Veritas Title Partners, L.P. (Veritas Title), as of October 1, 2022. The acquisition adds to Old Republic Title's existing network of direct operations that includes more than 275 branch and subsidiary office locations nationwide.

Company Information

Company

Old Republic International Corporation

Location

Kennesaw, Georgia, United States

About

Old Republic International Corporation is one of the nation's 50 largest shareholder-owned insurance businesses. It is a member of the Fortune 500 listing of America's largest companies. The Company is organized as an insurance holding company whose subsidiaries actively market, underwrite, and provide risk management services for a wide variety of coverages mostly in the general and title insurance fields.

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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