Fidelity National to Buy BPG Holdings

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Fidelity National Financial, a title insurance company based in Jacksonville, Fla., has agreed to acquire BPG Holdings, a home warranty firm in Alpharetta, Ga.

The financial terms of the deal were not disclosed. The deal would expand Fidelity’s inspection services business in California, where BPG operates a regional office in Burbank.

“The combination of BPG and Fidelity National Home Warranty will make us the largest home warranty company in California, provide a meaningful increase to our market share in Texas and give us added scale in several other states,” said Billy Jensen, president and chief executive of Fidelity National Home Warranty.

Fidelity’s home warranty subsidiary operates in eight Southern and Western states, including California, Arizona and Texas.

Article source: http://www.nationalmortgagenews.com/news/origination/fidelity-national-to-buy-bpg-holdings-1043257-1.html

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