Title
firm

Mother
Lode
Holding
Co.,
a
subsidiary
of
big
four
firm

First
American
Financial,
announced
Monday
that
it
has
acquired

Wisconsin
Title
Service
Co.
Inc.

The
terms
of
the
deal
were
not
disclosed.
According
to
Mother
Lode
Holding
Co.,
the
acquisition
includes

Wisconsin
Title
Service
Co.’s
sister
company,

Wisconsin
Title
Closing
Service
Inc.,
as
well
as
its
title
plants
in
Milwaukee,
Waukesha,
Walworth
and
Washington
counties.

“We
are
pleased
to
welcome
Wisconsin
Title
Service
Company
into
the
Mother
Lode
family,”
Lisa
Steele,
chief
operating
officer
of
Mother
Lode
Holding
Co.,
said
in
a
statement.
“Their
commitment
to
customer
service
and
innovation
mirrors
our
own,
providing
a
unique
opportunity
to
expand
our
coverage
in
key
markets,
while
bringing
added
capabilities
to
Wisconsin
Title
Service
Company’s
clients.”

Founded
more
than
75
years
ago,
Wisconsin
Title
Service
Co.
is
a
fixture
of
the
Wisconsin
real
estate
industry.

President
Carrie
Hoyer
and
vice
president
Mark
Ciborowski
will
continue
to
lead
Wisconsin
Title
Service,
which
will
now
operate
as
a
wholly
owned
subsidiary
of
Mother
Lode
Holding
Co.

“Joining
Mother
Lode
Holding
Company
will
provide
new
opportunities
for
our
staff
as
we
continue
to
provide
our
customers
with
the
same
outstanding
service
they
expect
from
us,
with
the
added
value
and
capabilities
of
an
industry
leader,”
Hoyer
said
in
a
statement.

Through
this
acquisition,
Mother
Lode
Holding
Co.
now
has
18
subsidiaries,
including
its
primary
subsidiary,

Placer
Title
Co.
First
American

acquired
Mother
Lode
Holding
Co.
and
its
subsidiaries
in
January
2022.

In
first-quarter
2024,
First
American
recorded
$1.4
billion
in
revenue,
down
1%
year
over
year,
and
a
net
income
of
$46.7
million,
up
from
$45.9
million
in
Q1
2023.
The
firm’s
title
segment
did
not
perform
as
well,
however,
reporting
revenue
of
$1.319
billion,
down
from
$1.349
billion
recorded
a
year
ago,
along
with
a
pretax
income
of
$72.7
million,
down
from
$88.2
million
in
Q1
2023.

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