Real estate information and data provider, DataQuick, signed a purchase agreement to acquire ATI Title Companies, which trades under the name Rels Title.
Rels is one of the country's largest title and settlement entities.
DataQuick will keep the name the same for now, but will eventually drop the term. Rels current management team will remain intact and in charge.
"We are confident that our customers will not only continue to receive the same great service they have become accustomed to, but they will also benefit tremendously from the breadth of complementary solutions available from DataQuick," said Foster, president of Rels Title. "In addition, we look forward to offering title and closing services to lenders that are currently customers of DataQuick."
Rels Title offers nationwide escrow, title examinations, commitment and closing services; document preparation and recording services; and expedited ordering, processing and delivery all backed by local practice and regulation expertise.
"DataQuick has a long and outstanding history of delivering centralized title services to the lending community," said John Walsh, president of DataQuick. "Combining our expertise with Rels Title’s exceptional service capabilities, local presence and relationships, operational expertise and industry knowledge will allow us to provide a wider range of title and settlement services to the marketplace."
The transaction is expected to close within 30 days. Milestone Advisors served as financial adviser.