Capital Title Group Inc., Scottsdale, Ariz., has signed an agreement to acquire Nationwide Appraisal Services Corp., Pittsburgh, in a $25 million cash transaction.Deferred payments of up to $3 million could also be made to Nationwide's owners, depending on whether certain conditions are met, Capital Title said. Besides offering appraisal services, Nationwide is licensed as a title agent in 36 states. "The acquisition of Nationwide would significantly expand the geographic scope of Capital Title's operations, as well as the breadth of bundled real estate settlement services that Capital can offer to its lending and real estate clients," the company said. Capital is both an agency and an underwriter of title insurance policies.
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