Ostium Partners Announces Investment in Foote Title Group

North Carolina based investment firm invests in a leading Mid-Atlantic real estate settlement and title agency firm.
 
 
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Tag:
Title Insurance

Industry:
Investment

Location:
Chapel Hill - North Carolina - US

Subject:
Mergers

CHAPEL HILL, N.C. - Oct. 29, 2018 - PRLog -- Ostium Partners ("Ostium"), a Chapel Hill, NC-based private investment firm, and Foote Title Group ("Foote"), a leading Mid-Atlantic title insurance agency, announced today that an affiliate of Ostium has acquired a majority interest in Foote.

Founded in 1986, Foote provides title insurance and real estate closing services to protect buyers, lenders, and sellers. Paul Yurashevich will be joining the management team and together with Foote's prior majority owner, Connie Fuksa, will help guide Foote through next stage of its growth. Terms of the transaction were not disclosed.

"Foote Title Group was started and has grown as a customer service leader in excellence in the communities it has served for more than 32 years.  Under the new leadership of Ostium Partners, Foote is well positioned to continue on its growth path while still providing the same excellent service you have come to expect," said Connie Fuksa.  Connie will continue with the business as Head of Operations.

Ostium's plan is to continue growing the business organically, via technological means and via acquisitions of similar title insurance agencies along the East Coast of the U.S. For more information on Foote Title Group, visit: http://footetitlegroup.com.

About Ostium Partners

Founded by Paul Yurashevich, Ostium Partners is backed by investors, entrepreneurs and operators who bring decades of experience across industries. The team takes on a leadership role in the acquired companies and leverages its skills, expertise, network and capital to build upon solid foundation laid by existing management. Ostium works closely with owners of small- or medium-sized businesses to a long-term strategic plan. Ostium is flexible with structuring the transactions to meet the financial and personal needs of the sellers. For more information visit: http://ostiumpartners.com.

Contact
Paul Yurashevich
paul@ostiumpartners.com
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