Middletown Title and Closing Firm Acquired by NY's Solidifi for $96 Million

MIDDLETOWN, RI—A Buffalo, NY-based real estate valuation company has bought Linear Title & Closing, a Middletown title search and closing provider, for $96 million.

Solidifi, which provides mortgage services to banks and lenders to facilitate real estate transactions, announced the acquisition last week.

Linear's offices will remain in MIddletown, according to a company press release.

Solidifi is a major player in the $10 billion title and closing market and the purchase of Linear "which will enable Solidifi to bring our demonstrated excellence in using technology to improve the customer and field-agent experience to the large and growing title and closing market,” said Jason Smith, Chief Executive Officer of Solidifi. “Linear represents a great fit with our existing business and we look forward to working with them to bring the innovation Solidifi is known for to mortgage closings.”

Linear CEO Nick Liuzza said his company's management team has "long been seeking like-minded partners focused on building scalable software services for the mortgage closing space.

"Linear has a tradition of developing services for its clients that improve operating profitability and enhance customer outcomes," Liuzza said. "We could not be more excited to collaborate on these initiatives with Solidifi, which will benefit our clients, our field agents, the industry and Linear’s partners."

Linear is the third company acquired by Solidifi since 2013. Most recently, the company bought Kirchmeyer & Associates and Southwest Financial Services.

The company will now employ more than 700 people.

The corporate press release has more information.