Cottonwood Title Insurance Agency Inc., a Murray-based title insurance company, has acquired Founders Title Co. and Founders Title Co. of Davis. The acquisition forms one of Utah’s largest commercial and residential title agencies, Cottonwood said in a release.
Founders was established in 1988 and has specialized in large commercial transactions.
“We are thrilled to welcome Founders Title to the Cottonwood Title family,” said Frank Ivory, president of Cottonwood Title. “We have always had great respect for Founders Title and the integrity with which they run their business. Now, more than ever, we will have more resources available to our clients with increased speed and efficiency.”
“This announcement is an exciting step for Founders Title,” said Duane Phillips, CEO of Founders.
“We look forward to joining forces with our most formidable competitor,” said Founders president Jim Morris.
Cottonwood Title was founded in 2000 and has over 100 employees in seven offices.