Entries by turkhow

Turk & Company Announces Acquisition of Trident Abstract Title Agency, LLC by OceanFirst Financial Corp.

DENVER, Feb. 4, 2022 PRNewswire –Turk and Company, announced today that its client OceanFirst Financial Corp. (NASDAQ:”OCFC”), the holding company for OceanFirst Bank N.A. has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC (“Trident”) with the right to acquire 100%. The transaction is expected to close on March 1, 2022. Upon closing, […]

To Sell or Not to Sell (or Buy)

How Do Title Agencies Decide Whether It’s Worth Entering the M&A Market? Download this article Several businesses in the title industry, agencies as well as other related firms, have had an incredibly profitable run over the past two years. This has resulted in many finding themselves flush with cash. It has also, as a more […]

Unprecedented multiples for title agencies

Wouldn’t it be great if you knew exactly what your agency is worth? It’s not as if you can search comps or a MLS for title agencies like you can for houses.  How cool would it be if someone could tell you who is likely to buy your agency and what sort of deal there […]

Forrest Gump and your title agency

Forrest Gump is my hero. I vividly recall the scene in Forrest Gump where he and Captain Dan are having lunch on the boat. The radio crackles, “His Mama’s sick.” Did Forrest think to himself, “Hmmm….I better call my travel agent, “or “I wonder what I should pack…will I get a middle seat again?” It took six seconds […]

What’s My Title Agency Worth?

Dear optimist, pessimist, and realist, While you guys were busy arguing about the glass of water, I drank it! Sincerely, The opportunist Businesses, by their very nature are opportunistic. Embracing opportunity is how they grow. At some point though, organic growth becomes a limited option. This could be due to the struggle to find good employees, […]

Are you protecting your Quarterback?

“The most important thing to remember is: to protect your quarterback – ME!”-Paul Crewe (The Longest Yard) Businesses grow and prosper because of the effort of the team.  We often see title agencies succeed in part due to heroic efforts of key employees (let’s call them ‘quarterbacks’). A buyer of your agency wants to be […]