REAL ESTATE
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Irvine-based Fidelity National Financial Inc., which sells title insurance to homeowners from branches in 29 states, said it has acquired San Francisco’s Western Title Insurance Co. for $30 million.
Fidelity said the acquisition gives it a broader base in California, expanding its operations from 12 counties to 51 counties. Fidelity said it has borrowed $18 million from Imperial Bank of San Jose to complete the transaction.
Fidelity moved to the Koll Center Irvine/North from Scottsdale, Ariz., only a month ago partly because Fidelity National Title Insurance has branches in just two Arizona counties.
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