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Blackstone portfolio company to acquire title insurance services provider

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Blackstone portfolio company to acquire title insurance services provider

Incenter LLC has agreed to acquire Columbia, Mo.-headquartered Agents National Title Insurance Co., a provider of residential and commercial title insurance services.

The transaction amount was not disclosed.

President David Townsend will serve as president of Agents National Title Insurance, alongside CFO and COO Brent Scheer and Chief Strategy Officer Pat Carney. Cheryl Cowherd, senior underwriting counsel, and Lori Dorman, director of risk management, will continue to hold their respective roles. There will be no changes to the key staff.

The transaction is expected to close in the first quarter of 2018.

Incenter, a Blackstone Group LP portfolio company headquartered in Saint Paul, Minn., provides its lender clients operating in the mortgage and specialty finance markets with access to capital, secondary markets solutions and fulfillment services.