LERETA Corp merges with LandAmerica Financial Group Inc

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LERETA Corp. has merged with LandAmerica Financial Group, Inc.

Kerlin was engaged by LERETA Corp. to explore alternatives to maximize shareholder value including the sale of the Company. Kerlin and the Company management worked together in an intensive effort to create an interest among a carefully selected group of strategic buyers. From this highly controlled and confidential process, LandAmerica Financial Group emerged as the best prospect, agreed to a $225 million valuation, finalized negotiation of the documents and the transaction closed on an expedited basis. LERETA is one of the nation’s largest providers of property tax service and flood certification to mortgage originators and servicers.