CHICAGO, IL AND CARMEL, IN – July 20, 2023 – Near North Title Group, a leading provider of title insurance and settlement services, is pleased to announce its acquisition of Doma’s Midwest operations. This acquisition brings 30 offices in Minnesota, Wisconsin, Illinois and Indiana into the Near North office network. This strategic move adds over 100 industry professionals with thousands of years of collective experience onto the team, which further expands capabilities and underscores the company’s commitment to partnering with clients and providing unparalleled protection in real estate transactions.
The acquisition of these Doma (formerly known as North American Title) operations is a significant milestone in Near North’s strategy, bringing the number of combined offices to nearly 60 in six Midwestern states and Florida. The Near North brand has grown from its founding in the 1980’s as a leading national commercial title agency into a commercial and residential market leader as it expands the company’s market presence across the Midwest and Florida. By combining the expertise and resources of both organizations, Near North is well-positioned to deliver even greater value to clients of the acquired offices and Near North’s current offices and strengthen its position as a leader in the title industry.
“Our mission at Near North Title Group is to partner with our clients and protect their interests throughout the real estate transaction process,” said Dan Fowler, CEO of Near North Title Group. “This acquisition represents a tremendous opportunity for us to extend our reach and enhance our ability to serve clients across the Midwest. We are excited to welcome the talented team from Doma, including Alex Grundhoffer, Doma’s national COO of Local Branch Operations, and Doma Managing Directors of Minnesota, Wisconsin, Illinois and Indiana into the Near North family and look forward to combining our strengths to deliver exceptional service to our valued clients.” Grundhoffer commented that “The synergies of our collective management team and office locations made Near North the perfect home for our valued employees and clients. Near North’s culture and industry knowledge, especially so given the strong national commercial capabilities, will bring value to our local teams and communities. My team looks forward to being a part of the Near North family.”
“This strategic transaction is aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business,” said Max Simkoff, Founder and CEO of Doma. “Our Midwest operations have a track record of providing excellent customer service. We believe we have found optimal homes for our Local team members in the branches we have sold. I want to thank this team for their hard work and dedication to Doma and our vision over the years.”
Near North Title Group’s dedication to excellence, integrity, and customer satisfaction aligns perfectly with Doma’s commitment to providing exceptional title services. This acquisition allows Near North to leverage the established customer base and deep-rooted industry relationships, while also benefiting from their specialized knowledge of each market where we operate. Houlihan Lokey acted as a financial advisor to Doma and Wooton Hoy LLC acted as legal counsel to Near North.
About Near North Title Group:
Near North Title Group is a fully integrated title, escrow, construction escrow and 1031 exchange company that for over 30 years has provided clients with a comprehensive portfolio of commercial and residential services nationwide. Near North’s national commercial operations and residential Midwest and Florida offices facilitate over $10 billion in yearly transaction volume throughout nearly 60 locations, making it one of the strongest commercial title agents in the country and one of the largest residential agents in the Midwest. Near North is continuously expanding its market presence through acquisitions and organic growth as it provides customized solutions to its clientele, leveraging years of industry expertise and underwriter relationships that allow for maximum flexibility in facilitating even the most complex real estate transactions.
For more information about Near North Title Group and its services, please visit www.nntg.com.
