Underwriter will continue its "agents first" experience, retain personnel and leadership
Alliant National Title Insurance Company, the nation’s largest title insurance underwriter with no direct or affiliate operations, today announced a plan for the company’s next stage of growth and a partnership with Presidio Investors, a private equity firm specializing in mid-market companies.
Leadership and personnel at Alliant National will remain the same. The company will continue to deliver on its well-known “Agents First” service experience, which is what propelled Alliant National to become a Top 10 title insurance underwriter in only 12 years, according to financial stability firm Demotech.
“Alliant National believes in the essential role independent agents play in protecting the property rights of our mutual customers," said Robert Grubb, Alliant National CEO and president. "With the help of our trusted agents and our amazing team, we’ve built a thriving company aligned with the finest independent title insurance agents in the country.
"We are excited to have a new partner whose culture is closely aligned with ours, one that can accelerate the plans we have determined are critical to strengthening and expanding our network of independent agents,” Grubb said.
“This is an exciting opportunity for Alliant National and our agents," said Kyle Rank, Alliant National executive vice president of agency. "The trust our agents have placed in us has allowed us to grow to this degree, and we now have a chance to deliver something really meaningful back to them. We’ll be able to provide more solutions, add more value and provide additional resources that can help our agents excel in their businesses.”
Alliant National is an industry pioneer that distinguishes itself from competitors by putting the interests of independent agents first. Bolstered by a unique alignment of interests with its agents, financial stability, strong underwriting capability and independent agents’ in-depth knowledge of local markets, the company has established a nationwide network with deep roots in local communities and a wealth of expertise that is flexible, personalized and continuously growing.
"We are excited to partner with Bob and his team to help Alliant National during its next phase of development," said Chris Puscasiu, managing partner of Presidio. "Throughout the entire process, we have been impressed by the company's entrepreneurial culture and drive. We believe that Presidio’s experience and access to additional capital will help Alliant National accelerate their growth and continue to improve their already strong service offerings to their independent agent partners."
Presidio’s investment is pending approval from regulators and Alliant National’s current ownership group. Waller Helms Advisors served as the exclusive financial advisor and Brownstein Hyatt Farber Schreck served as legal counsel to Alliant National in the transaction.
Visit joinalliantnational.com for additional information.
About Alliant National Title Insurance Company
The Independent Underwriter for The Independent Agent® Alliant National believes in putting other people first. The company protects the dreams of property owners with secure title insurance and partners with 400+ trusted independent title agents as a licensed underwriter in 22 states, with annual revenues exceeding $120 million.
Presidio Investors was founded in 2007 with the goal of bringing large buyout expertise to entrepreneurially-led companies. Presidio invests in talented management teams to provide resources, including operational support and capital, for these entrepreneurs to succeed.