Continuing with the expansion of its national platform, Kensington Vanguard National Land Services, one of the largest independent full-service title insurance and settlement agencies in the U.S., has acquired a controlling interest in New Jersey-based title insurance provider Property Title Group LLC.
Terms of the deal were not disclosed.
The transaction strengthens Kensington Vanguard’s presence in the Northeast and furthers its acquisition-driven national growth. The deal also builds upon the company’s diverse clientele of investors, developers, attorneys, realtors and lenders, Kensington Vanguard says in a release.
Parsippany, N.J.-based Property Title Group will continue to be co-managed by industry veterans Donald Cohen and Marilyn Henshaw, who retain ownership interests in the company, Kensington Vanguard reports.
Earlier this year, Progressive Title, co-founded in 1981 by Marilyn Henshaw, merged into Property Title Group. The combined organization provides title insurance services to leading N.J.-based real estate operators and developers as well as both commercial and residential attorneys and realtors.