Another acquisition for mortgage banking law firm Butler & Hosch
Firm acquires default practice of McCurdy & Candler, third acquisition in less than a year
Mortgage banking industry law firm Butler & Hosch, P.A. said Wednesday that it will acquire Atlanta-based McCurdy & Candler, LLC Default Practice as the legal services firm looks to further cement its national presence.
The McCurdy & Candler, LLC law firm's general practice will continue separate practice and operations in Decatur, Georgia outside of the agreement and partnership, according to a statement.
Terms of the deal were not disclosed, but both firms are in the final stages of the acquisition process. The two companies are completing the due diligence process this week and expect to finalize the acquisition by the end of the month, Butler & Hosch officials said in a statement.
Butler & Hosch has been quickly expanding its presence across the country. Earlier this year, the law firm said it would acquire Regional Trustee Services Corp., which provides non-judicial foreclosure services to mortgage servicers, investors and outside law firms in eight West coast states.
In June 2013, the firm also acquired Cal-Western Reconveyance LLC, one of the largest trustee companies in the nation.
“We are looking forward to the strategic partnership with Butler & Hosch and the operational support that a national platform will provide to our organization," said
Sid Gelernter, managing partner of the McCurdy & Candler, LLC practice.
Bob Hosch, managing partner at the law firm that in part bears his name, said that clients will see no changes in day-to-day operations or in senior leadership.
Industry veterans and McCurdy & Candler senior leadership Deborah Cheek, Sid Gelernter and Michael Dugan will continue to manage all legal and compliance operations once the acquisition has been completed.
"The McCurdy & Candler, LLC Default Practice adds Tennessee and increases our Georgia presence to the existing Butler & Hosch footprint, and the multiple states the law firm practices in," Hosch said.
McCurdy & Candler, LLC is authorized by both Freddie Mac and Fannie Mae to perform default services in Tennessee and Georgia and will continue to perform default services in those states under the new partnership.