NEW YORK–(COMMERCIAL THREAD) –DA Davidson & Co. announced today that it has served as exclusive strategic and financial advisor to Informative Research (“IR”), a leading provider of technology-based credit data, analysis and decision-making products and services to the community mortgage, in its sale to Stewart Information Services Corporation (NYSE: STC), a global real estate services company, in a deal that values IR at around $ 192 million.
Founded in 1946 and headquartered in Garden Grove, Calif., IR serves over 3,000 clients across the United States and offers a wide range of critical solutions through its proprietary platform to streamline the mortgage cycle.
“Joining the Stewart family accelerates our ability to develop and bring to market additional products and services that will better serve the lending and real estate industry. We are excited to be able to help create a global loan and real estate analysis and close process at Stewart, ”said Sean Buckner, President and CEO of Informative Research . “Through our technology suite, Informative Research enables customers to improve sales and profits while reducing risk, making it a perfect complement to Stewart. We look forward to a bright future in helping our customers improve their performance and be successful. ”
With this transaction, IR hopes to be better able to improve and develop products and services to serve its customers that rely on IR’s proprietary technology for workflow automation tools and business intelligence. lead generation and dramatically accelerate Stewart’s efforts to advance its data and analytics capabilities as part of an end-to-end, customer-centric real estate technology and services platform.
“The DA Davidson team has been invaluable in helping us assess and achieve our preferred outcome, which resulted in this agreement with Stewart,” added Buckner. “Their transaction expertise, critical thinking, unmatched understanding of the mortgage technology industry and commitment throughout the process allowed us to select the right partner and achieve a highly desirable outcome for all stakeholders. . ”
“Sean and the rest of the IR team have built a fantastic and differentiated platform that enables their clients to integrate digitization and automation capabilities into the mortgage life cycle,” said Aalap B. Merchant, Managing Director of DA Davidson. “We are honored to have advised IR as they partner with Stewart to take their platform solution to the next level, making them an undisputed leader within the mortgage technology ecosystem.”
DA Davidson’s tech investment banking practice is one of the most active middle market groups in the United States, having advised more than 50 advisory and private equity deals worth over $ 20 billion. dollars since January 2021.
DA Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive expertise in financial advisory and capital markets. The group has extensive transaction experience serving middle market clients around the world in four verticals: consumers, diversified industries, financial institutions and technology.
In collaboration with its European strategic partner, MCF Corporate Finance, DA Davidson creates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.
About DA Davidson Companies
DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 and based in Montana, with offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.
Subsidiaries include: DA Davidson & Co., the largest full-service investment firm based in the Northwest, providing wealth management, investment banking, equity and markets services and advice fixed income capital; Davidson Investment Advisors, a professional asset management company; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For information, visit dadavidson.com.