First American Financial To Acquire ServiceMac - Quick Facts

(RTTNews) - First American Financial Corp. (FAF) and ServiceMac, LLC have signed an agreement for First American's acquisition of ServiceMac. ServiceMac is focused on providing technology, products and services for the mortgage industry. ServiceMac's management team will continue to lead the company's operations.

As a part of the deal, First American has acquired a minority interest in ServiceMac's parent company. This interest will convert into equity of ServiceMac at the closing of the acquisition, which is anticipated to occur by the end of 2021.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More