MANCHESTER, N.H., April 30, 2014 /PRNewswire/ -- Title and settlement company Title Resource Group (TRG) announced today that its New Hampshire-based subsidiary, Market Street Settlement Group, LLC, has acquired the assets of Horizon Settlement Services, Inc. The Horizon brand name will continue to be used for the present time, but will eventually transition to the Market Street brand. Financial terms of the transaction were not disclosed.
Market Street Settlement Group has been a leading force in the title and settlement industry throughout New Hampshire and Maine since 1984. Horizon Settlement Services, founded in 1996 and headquartered in Concord, New Hampshire, has also been a prominent player in the industry, offering similar services throughout the state.
As part of the acquisition, Market Street has acquired Accredited Real Estate Academy (AREA), Horizon's real estate educational platform. AREA provides real estate instructional classes, including "for credit" offerings approved by the State of New Hampshire Real Estate Commission. Market Street will bolster the already robust catalog of AREA classes with its own educational offerings.
"Horizon has been well known to us as a quality company for years," said Derek Massey, president of Market Street. "It's great for the industry and for our customers, as well as a win for both businesses, when two well-matched, service-oriented firms join forces."
Gary Coffin, president and CEO of Horizon Settlement Services, said, "We respect the culture of compliance and ethics, and the 'customer comes first' philosophy at Market Street. We look forward to being part of a national company that values local decision-making."
"The changing landscape of title and settlement, which includes a focus on compliance, service, convenience and technology, requires top-notch leadership in order to succeed," said Don Casey, president and CEO of TRG. "Leaders must be able to identify top talent and train staff to execute at the highest level. Gary brings those skills to the organization, which is a huge advantage to customers, who will benefit from his expertise."
About Title Resource Group (TRG)
TRG is a full-service title, settlement and vendor management services company serving real estate companies, corporations and financial institutions in support of residential and commercial real estate transactions. TRG operates in 48 states and the District of Columbia and provides closing services in all 50 states. TRG is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a leading global provider of real estate and relocation services.
SOURCE Title Resource Group