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Title Insurance Giant Merges With VISTAinfo

SAN DIEGO-The nation's largest provider of title insurance has signed a definitive agreement to form a real estate joint venture with locally based VISTAinfo, the companies announced Monday.

By Randyl J. Drummer | Updated on April 16, 2001

SAN DIEGO-Fidelity National Financial Inc. has signed a definitive agreement to form a real estate joint venture with locally based VISTAinfo, the companies announced Monday.

VISTAinfo markets data and services to the real estate industry. Under the agreement, Fidelity National, the nation’s largest provider of title insurance and real estate products and services, will contribute the assets and operations of its tax, credit, flood, appraisal and property records businesses in exchange for VISTAinfo stock.

Fidelity National, based in Irvine, will own 77% of the new company. VISTAinfo stockholders will own the remaining 23%. The combined company is expected to have revenues of about $230 million in its first year, and the executive management team will be chosen from existing managers of both companies.

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