The acquisition will strengthen Compass’ title and escrow portfolio and enable further integration of the company’s brokerage and related services, according to a company release. Compass has offices across DFW, including in Plano, Southlake, Highland Village and Frisco.
“We’re thrilled to welcome LegacyTexas Title to Compass,” Compass Founder and CEO Robert Reffkin said in a statement. “Their incredible reputation and their track record of impeccable service makes them an ideal partner for Compass as we grow our adjacent services business throughout all our markets.”
LegacyTexas Title provides title insurance services for purchase and refinance transactions throughout the metroplex, according to the release. Many Compass agents already use LegacyTexas for title services, so the acquisition will strengthen those existing relationships, the release said.
“We’re excited to join Compass during this pivotal time in the real estate industry, and we look forward to taking our company to the next level,” LegacyTexas Title President Laurence Henry said in a statement.
The acquisition is expected to finalize before the end of this year.