LandAmerica Financial Group Inc., a provider of real estate transaction services, says its LandAmerica Valuation Corp. (LVC) subsidiary has acquired Aaron & Wright Inc., a commercial real estate valuation company based in Houston.
Founded in 1990, Aaron & Wright provides commercial real estate valuation services throughout the U.S. The company has significant expertise in the valuation of religious facilities.
The Aaron & Wright purchase, which follows on the heals of last years acquisition of the Dallas-based appraisal firm Butler Burgher Inc., is the latest move in LVC's targeted growth strategy. With these acquisitions, LVC gains greater geographic coverage and significant customer relationships in new market niches, the company states.
‘This is a win-win for both companies and our customers,’ said John Wright, a principal and founder of Aaron & Wright. ‘The national coverage afforded by LandAmerica will allow us to better serve the valuation needs of our customers in the commercial real estate industry.’
Source: LandAmerica Financial Group Inc.