The first time Lawyers Title of Arizona Sales Executive Sarah Perkins walked through an acquisition was 2006. The market was growing, people were excited and companies were scrapping to increase market share. Hope for the future was high.
The story was dramatically different during her second acquisition rodeo, in 2008.
“The sky was falling,” Perkins, a 17-year veteran, told HousingWire. Companies were being acquired off the scrap heap, layoffs were rampant and bankruptcies were common. “There was a lot more fear involved than excitement,” she said.
But today, the market has come full circle as mergers and acquisitions once again begin to pick up. Perkins said the environment is reminiscent of 2006, when spirits were high and the market was in growth mode. In fact, the feeding frenzy for title companies is just getting started.