Compass acquires KVS Title
Real estate technology company Compass announced that it has signed a definitive agreement to acquire KVS Title , a title insurance and settlement services company serving the Washington metropolitan area. Terms of the deal were not disclosed.
“We’re incredibly excited to welcome the KVS Title team to Compass. Their family-like culture, their expertise in the title business and, most importantly, their great leadership team make them a perfect match for Compass. The underlying driver of Compass’ success has always been our obsession with how to help agents grow their business and better serve their clients. With this acquisition we’re advancing both of these goals.” – Compass Founder and CEO Robert Reffkin.
Founded in 2010, KVS Title provides comprehensive title insurance and settlement services for residential purchases and refinance transactions for customers throughout the greater Washington, D.C. metropolitan area.
“We are thrilled to be joining Compass, the most agent-focused company in the industry and a partner that shares our passion for building a trustworthy brand, attracting top professionals and investing in the best technology in the business. Compass agents are some of the most collaborative and experienced agents in the country, this partnership provides us with a tremendous opportunity to further build our network and drive results for our business.” – David Kanstoroom, CEO of KVS Title.
In October of last year, Compass announced the acquisition of title and escrow software startup, Modus. The acquisition of KVS Title extends the company’s settlement services portfolio, which now serves California, Florida, Washington State, Maryland, Virginia and Washington D.C.