HOUSTON (Dec. 4, 2003) - Stewart Title Co., a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), has purchased Lake County Abstract Co., located in Leadville, Colo. Key management and staff will remain with the office.
"This is a strategic acquisition for Stewart, completing our coverage of markets in the central Colorado mountain region," said Rand Zimmerman, group president, Stewart Title Co. "Leadville is located south of Vail and east of Aspen, and benefits from the influx of second home owners into the area. It's close enough to the prime ski areas to offer a convenient commute, and has not yet seen the substantial increase in home prices that those areas have experienced."
"Everyone here in the office is excited about having title company staff they can talk to - to have that knowledge at our fingertips and access to the full array of Stewart's technology," said Annie Davis, manager, Lake County Abstract. "We are also pleased about the employee benefits we will gain through being allied with Stewart."
The address for Lake County Abstract Co. is P.O. Box 913, Leadville, Colo. 80461, phone number (719) 486-2688.
Stewart Information Services Corp. is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 7,100 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, property appraisals, surveys, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.