Since its inception, Near North Title Group has strategically invested in an array of companies which have gone on to realize their full potential. Below are a few examples of the projects Near North has undertaken. To learn more, please explore the case studies below and Contact Us for more information.
Transitioning through Retirement
When the principal of this 30 year old family-owned title agency was preparing for a retirement transition but had no one in mind to take over the business, Near North Title Group assessed the opportunity to expand its portfolio with this existing brand.
A historically successful business with a predominant share in a major metropolitan market, the company was in danger of losing its footing amidst a flood of newly imposed Best Practices requirements, as there had not been an investment in technology or marketing in some time. The owner knew that the sale of his business would need to be handled gently to maintain the company’s loyal market share and employees.
He quietly reached an agreement with Near North Title Group to retain an ongoing role in the company while working toward retirement. Under Near North’s ownership, the company maintained its corporate identity but benefitted from an infusion of technology, financial controls and marketing modules. Poised to absorb additional brands, the company increased market share and geographic presence, expanding from one location to five in the first three years of Near North’s involvement. Today, the previous owner maintains an active role in the day to day operations of the business and knows that the legacy he built will continue.
Keeping up with Rapidly Changing Industry Regulations
The acquisition of the data assets of this 150 year-old Midwestern title agency followed the release of new Consumer Financial Protection Bureau regulations, which have recently caused lenders, realtors, investors and property owners to seek sophisticated title and escrow companies to support them during these changing times. Near North’s technical resources and support structure ensure that its companies are poised to navigate significant changes in the industry despite the influx of regulations and Best Practices requirements. With this data acquisition, Near North Title Group opened a modern office space in the local market and staffed it with seasoned professionals who focus on the needs of their clients and continue the company’s mission to provide outstanding real estate services. This transition enabled Near North Title Group to continue its national focus while taking on local offices to service markets across the country.
Multiple Owners, Different Agendas
This title agency’s ownership group included prominent real estate brokers, an attorney and a successful title industry executive. When it became apparent that each principal had a different plan for the future of the business, they worked with Near North Title Group to sell the business while preserving the client relationships that had made it so successful. The acquisition structure enabled these professionals to elect for an active or passive participation in the business and strengthened the parent company’s market position and geographic location.
Weathering the Storm through Troubled Ownership
Seizing the opportunity to acquire an established and successful title company which was under the stress of divestiture from its large holding company, Near North Title Group capitalized on the opportunity to acquire a premier title company and provided key ownership support. Ten years later, the organization is thriving and continues to expand its business lines and geographic presence. Its success is due in large part to the extensive experience and dedication of its executive leadership team, which is comprised of many of the same individuals that were involved in the organization prior to its acquisition. In the decade since its change in ownership, this heavy-hitting title agency continues to insure some of the largest commercial transactions in the country.
Corporate Cost Cutting – Office Locations on the Chopping Block
In late 2014, a major underwriter was planning to close various profit centers throughout its network due to planned cost cuts. After extensive interviews with company personnel, it became apparent to Near North executives that these operations could achieve success with cultivation from the Near North management team. The Group acquired the operations and staff of the imperiled offices, avoiding the impending termination of their employees. Now a part of the Near North Title Group organization, these profit centers are thriving while working in conjunction with one of the Group’s top brands.
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