First American Financial Corporation, provider of title insurance, settlement services and risk solutions, announced its plans to purchase California-based Mother Lode Holding Company and its subsidiaries.

This acquisition will expand the company’s footprint in 11 states.

Mother Lode Holding provides title insurance, underwriting and escrow services for residential and commercial real estate transactions. The organization has 17 subsidiaries in 92 offices in 11 states. Its principal subsidiary is Placer Title Company.

Mother Lode Holding Company’s subsidiaries operate primarily in California, Idaho, Montana, Wyoming, Texas, Arizona, Washington and New Mexico.

“Mother Lode Holding Company’s reach, expertise and commitment to superior customer service aligns well with our existing operations and will augment our efforts to expand our coverage in key growth markets,” said Dennis J. Gilmore, chief executive officer at First American Financial Corporation. “With Mother Lode Holding Company and its subsidiaries, we will expand our ability to serve customers throughout many of the strongest housing markets in the U.S.”

Following the close of the transaction, Mother Lode Holding Company and its operating subsidiaries will continue to operate under their existing brands.

Mother Lode Holding Company’s CEO, Randy Bradley, COO, Lisa Steele and president, Darrick Blatnick, will remain with the company and manage the day-to-day operations.

In connection with the transaction, Houlihan Lokey is acting as financial advisor to Mother Lode Holding Company.

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