Farmington Hills, Mich.-based Attorneys Title Agency (ATA) has announced acquisition of the assets of Mt. Clemens-based Philip F. Greco Title Co. and merged them into the newly formed Greco Title Agency.
ATA Chairman and CEO David A. Trott said the transaction, which closed on Oct. 29, marries ATA’s strong financial backing, cutting edge technology and vertically integrated service model with Greco Title’s unparalleled reputation, strong brand recognition and customer loyalty.
Through the agreement, Trott said, ATA will experience significant business opportunities throughout metropolitan Detroit.
By joining forces with ATA, the largest title insurance provider in the state of Michigan, Greco Title will have access to the company’s robust foreclosure and REO clientele, as well as significant administrative efficiencies, he said.
“This is an outstanding partnership for us,” said Christina Greco, president of Philip F. Greco Title Co. “Because our organizations serve complimentary markets, we are now a stronger business unit with an expansive geographic footprint.
Greco Title will continue to operate in and expand throughout southeastern Michigan.
The combined ATA entity will have 25 office locations and more than 450 employees.
“We have been looking to gain a stronger foothold in the Macomb market for some time now,” said William Robinson, president of ATA. “This acquisition truly fills a market void for us, and we couldn’t be more thrilled to be associated with such a wonderful company.
Attorneys Title Agency has 25 offices throughout the state.
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