Blackstone subsidiary Incenter has acquired Charlotte, N.C.-based title and settlement servicers provider Boston National.
Terms of the transaction were not provided, but the companies said Monday that the deal would not impact operations on a daily basis at Boston National’s 18 service locations.
Incenter sought to acquire Boston National to boost its offerings to consumers.
“As we look to expand our end-to-end solution for our clients, we constantly seek opportunities to bolster our capabilities through the addition of top-tier talent and, when it makes sense, through acquisitions like this one,” Incenter President Nick Smith said in a news release.
Boston National Chief Executive John Keratsis is joining Incenter following the deal and will focus on integrating the title and settlement process with Incenter’s other offerings.
“Boston National has built its reputation on bucking the assembly-line approach common in the title industry in favor of wrapping service delivery around the client,” Keratsis said in the release.