A private investment group has acquired the real estate tax services and flood zone certification and reporting business of LandAmerica OneStop Inc. and rebranded the company under its former name, LERETA.
Doug Foley and Jim Thornton, former LandAmerica OneStop executives, will serve as LERETA'sÂ CEO and president, respectively. Both Thornton and Foley were senior executives of LERETA until the company was sold to LandAmerica Financial Group in 2003.Â
"We are proud to revitalize the LERETA name and look forward to going back to the basics, embracing the values that first made our brand synonymous with extraordinary service and customer support," says Foley.
Kerlin Capital Group LLC, a Los Angeles-based boutique investment bank, represented the investment group in this transaction.