Plano, Texas-based Shaddock National Holdings has purchased Utah’s U.S. Title, headquartered in Bluffdale. U.S. Title will retain its name and current staff and plans to further expand its operations and open new offices at an even faster pace across Utah with the resources of its new owner, the company said.
“U.S. Title is celebrating 40 years in business this year. This acquisition adds strength to our brand and will help to propel the talented employees at U.S. Title to even greater success as we embark on the next 40 years,” said Steve Borget, incoming president of the compnay.
Larry Burton, who will be retiring as president of U.S. Title when the sale closes, said, “We are pleased to join a company which values our employees and makes supporting them a top priority. Shaddock National Holdings gives U.S. Title exactly what is needed to continue the growth we anticipate.”
“Our acquisition of U.S. Title is about more than simply acquiring a great company in a dynamic market,” said Mike Rubin, president of Shaddock National Holdings. “From the outset we have been blown away by the professionalism, commitmentand culture that has been carefully cultivated within U.S. Title. We are grateful and truly humbled to have the opportunity to partner with such an outstanding team of title professionals.”
U.S. Title Insurance Agency was founded in 1980 and has four local title plants, 14 offices and a team of over 130 title and escrow professionals.