August 16, 2022 | Chicago, IL Knox Capital, a private equity firm with significant investments in the real estate and financial technology spaces, today announced the acquisition of Lenders Title Group (LTG), the title services business of First Horizon Corporation (NYSE: FHN), by Knox-Precision Holdings, LLC. This acquisition combines LTG with two previous investments, including Precision Title, creating a fast growing, super-regional residential and commercial title company. Stephens Capital Partners invested with Knox Capital to facilitate the transaction alongside existing investors including ORIX Corporation USA’s Private Equity Solutions group, Granite Creek Capital Partners, and GMB Capital Partners.
For over 100 years, LTG has served the real estate communities in Arkansas, Louisiana, and Tennessee, growing into one of the largest and most distinguished title agencies in the American Mid-South. LTG marks the largest investment to date by Knox Capital's real estate title platform and complements its prominent and growing market positions in Illinois, Florida, New Jersey, New York, and Pennsylvania.
“We are excited about this next chapter in our journey," states Beau Fast, President at Lenders Title Group. "Our historical success is due to the outstanding service provided to our clients by our title associates and the confidence our clients have in us, all backed by the support of our banking colleagues throughout the years. Our team now has a chance to take their unparalleled customer service, knowledge, and technology to a broader customer base as a part of an organization dedicated exclusively to title and closing services.”
"Overnight, we’ve created a top 20 independent title company in the US," comments Alex Gregor, Knox Capital Founder & Managing Partner. "We now have the critical mass, leadership, and capital resources to continue to build national scale with best-in- class service and technology enablement. In the near future, we feel title companies at scale will play a big part in the industry’s continuing evolution from analog to digital."
“We are thrilled to partner with Knox Capital and the rest of the investor group to help finance the acquisition of Lenders Title Group,” said Matt Dement, Managing Director of Stephens Capital Partners. “We look forward to continuing to support Knox Precision Holdings’ organic and inorganic growth initiatives in the title space for years to come.
About Knox Capital
Founded in 2013, Knox Capital was created to provide capital and hands-on operating resources for founder and entrepreneur-owned middle market businesses. Knox operates under flexible investment horizons through private investors focused on the long-term. By utilizing our extensive executive and operating advisor network, Knox makes tailored investments across industries in partnership with owners and management. Knox Capital is headquartered in Chicago, IL. Learn more at www.knox-cap.com.
About Stephens Capital Partners
Stephens Capital Partners LLC is the private equity affiliate of Stephens Inc., a full-service, privately owned investment banking firm based in Little Rock, Arkansas, with offices across the U.S. and in Europe. Founded in 1933, Stephens has decades of experience in corporate finance, financial planning, mergers and acquisitions, insurance services, research, and public finance. The firm has conducted private capital transactions for over 60 years and seeks to be a reliable long-term partner to management of growing companies. For more information, visit www.stephenscapitalpartners.com.