Capital Title Subsidiary Buys Flood Zone Biz

Capital Title Group Inc., Scottsdale, Ariz., has announced the acquisition of the flood zone determination business of America's Flood Services Inc., Rancho Cordova, Calif., by Capital Title's subsidiary, CTG Real Estate Information Services.The terms of the transaction were not disclosed. The acquired business will be merged into Nationwide TotalFlood, a service subsidiary of CTG REIS. (AFS will retain its core business unit, Flood Insurance Agency and Insurance Tracking.) "This acquisition provides us with an enhanced revenue base and will allow us to provide these newly acquired customers access to a full bundle of origination services, including appraisal, title, closing, and foreclosure services, all available through Nationwide Appraisal Services, another service subsidiary of CTG REIS," said Richard A. Alexander, president and chief executive officer of CTG REIS. The company can be found online at http://www.capitaltitlegroup.com and http://www.nationwide-totalflood.com.