Arizona and Texas-based Thomas Title & Escrow joins forces with one of the largest title firms in the U.S., ET Investments, headed by noted industry veterans John Dwyer, Jr. and Bryan Willis.
Thomas Title’s President and CEO Frank W. Busch III said: “The strategic partnership with ET will permit us to focus on expanding our strong commercial services platform into a true national player. We will also be able to leverage the deep expertise of ET for our growing residential business.”
ET Investments, headquartered in Aurora, Colorado, along with its more than 18 title agency subsidiaries in five states, counts more than 750 affiliated employees and has been growing rapidly since its founding in 2005.
“This transaction will be transformative for both our clients and employees,” said Busch. “Thomas Title’s clients will benefit from the expanded support network. Our employees will have greater opportunities within a much larger organization which also includes the offering of improved employee benefits.”
ET also will provide operational efficiencies to Thomas Title in the form of back-office support for finance, accounting, IT, HR and compliance/legal.
Busch, who founded Thomas Title in 2006 in Scottsdale, Arizona, will retain a significant ownership stake in the business and will continue to manage his 40-person firm.
“ET Investments has been dedicated to the title industry by bringing in high-performing and valuable agencies into our mix. Thomas Title and its team have proven themselves in the Arizona and Texas markets and this strategic partnership will allow for increased growth in additional markets,” said ET Investments Chief Executive Officer John Dwyer, Jr.
Prior to founding ET in 2005, Dwyer served as President and CEO of United General Title Insurance Company and its related companies. United General, which was a fast-growing national underwriter, was acquired by First American Title in 2005. The ET team, regarded as one of the most experienced operators in the industry, has been operating and investing in title insurance and real estate services businesses for over 47 years across the US.