LandAmerica Financial Group acquires Buyers Home Warranty Co and Best Home Warranty Co

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LandAmerica Financial Group, Inc. has acquired Buyers Home Warranty Company/ Best Home Warranty Company.

Kerlin initiated the transaction and acted as the exclusive advisor to LandAmercia in the $21 million acquisition of Buyers Home Warranty Company/ Best Home Warranty Company (BHWC), a leading provider and servicer of home warranty contracts in California, Texas, Arizona, Colorado, Nevada, New Mexico and Oklahoma. Kerlin, on behalf of LandAmerica, conceived of the plan to acquire BHWC, developed interest on the part of the potential seller, structured the offer for the transaction, and developed and negotiated the term sheet for the deal on behalf of the buyer. As part of the closing, Kerlin also developed the BHWC business plan for submission and approval by the California Department of Insurance.