Trusted Land Transfer Completes Second Title Company Acquisition in 12 Months
Trusted Land Transfer President and CEO Faith Hammes and Executive Chairman Bob Marino have announced the acquisition of their second title company in the last 12 months.
In the wake of acquiring Quakertown-based Plymouth Group in June 2023, TLT completed the merger of Brennan Title Abstract in Cherry Hill, N.J., last month.
The merger will increase TLT’s annual revenue by more than 60 percent, marking another milestone in the company’s expansion through organic growth and strategic acquisitions. Brennan Title Abstract will keep its name and operate as Brennan Title Abstract, a Division of Trusted Land Transfer. As a result of the merger, Patrick Brennan will join TLT as President of this division. With more than 50 years of experience in the New Jersey title insurance business, Brennan is considered an expert in New Jersey title transactions.
Meral Smith will also join TLT as a Senior Vice President of the new division. Smith is a 40-year veteran of the title industry.
“It was important to Meral and me that we partner with a company that shares our same values and client-focused business model,” said Brennan. “Our merger into Trusted Land Transfer solidifies this mission. Furthermore, the merger benefits our clients by offering two locations in Pennsylvania, as well as the commercial title expertise that Faith and Bob bring to the table.”
“We are excited about Brennan Title Abstract joining the TLT family,” said Hammes. “We are also thrilled that Patrick and Meral will be part of the TLT executive team. Their experience and expertise will be a welcome addition to our organization. Bob Marino and I have worked closely with Patrick and Meral over the last 10 months, learning about our respective businesses with the sole mission of creating an even stronger company by joining forces.”
“We are on a major growth trajectory,” said Marino. “When you factor in that Faith and I reacquired Trusted Land Transfer from Finance of America in May 2023, this is in essence our third title company acquisition in 13 months. We will continue to look for opportunistic strategic acquisitions that help us grow revenue and expand geographic markets and new lines of business. We continue to be most proud of the team of professionals at TLT and the 50 percent annual organic growth we have been able to achieve in a very challenging commercial and residential real estate market.”
Licensed and providing settlement services in Pennsylvania, New Jersey, Delaware, Florida, and Washington, D.C., Trusted Land Transfer also has locations in Philadelphia and Ambler and now Cherry Hill through its Brennan Title Abstract Division.
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