Transactions & Cases Detail



Transaction/Case Details

Real Matters Acquires Linear Title & Closing Limited

DATE CLOSED

April 1, 2016

BUSINESS SECTOR

Technology

LEAD OFFICE

Toronto

VALUE

96 Million USD


OVERVIEW

On April 1, 2016, Real Matters Inc., through its U.S. subsidiary Solidifi, completed the acquisition of Linear Title & Closing Limited for up to US$96 million. The transaction will bring Solidifi’s established real estate technology platform to the US$10 billion title and closing market. With the acquisition of Linear, Solidifi manages a marketplace of more than 100,000 independent, qualified appraisers, abstractors, notaries, attorneys, brokers and real estate professionals that collect and assess key attributes of individual properties. 

Headquartered in Markham, Ontario, Real Matters is one of North America’s fastest-growing technology companies. Real Matters serves the North American mortgage industry through Solidifi, Linear Title & Closing, and Southwest Financial Services, and the property and casualty insurance industry through iv3CUS. Solidifi, which is based in Buffalo, New York, is a leading independent provider of residential real estate appraisals to the mortgage market. The company’s customers include 60 of the top 100 lenders and some of the largest insurance companies in America. Real Matters has offices in Buffalo (NY), Cincinnati (OH), Middletown (RI) and Markham (ON).

Headquartered in Middletown, Rhode Island, Linear Title & Closing is a top five independent title search and closing provider for refinance, purchase, short sale and REO transactions in all 50 states.

McCarthy Tétrault represented Real Matters on the acquisition with a team consisting of George Takach, Pavan Jawanda and Julia Johnson.

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Related Area of Expertise


Technology & Licensing
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