Former Lereta Execs Acquire Firm

A pair of former executives of what became known as LandAmerica Tax and Flood Services have acquired the company and returned it to its former name, Lereta. LandAmerica acquired Covina, Calif.-based Lereta in October 2003, changed the company's name and operated it under the LandAmerica OneStop banner. The new owners include Jim Thornton, who will take the job of president and Doug Foley, the new chief executive; both are also former LandAmerica OneStop executives. They are partnering with an unnamed third party investment group. Kerlin Capital Group LLC represented the investment group in the transaction; Kerlin had represented Lereta in the original sale to LandAmerica. LandAmerica Financial Group has been operating under bankruptcy protection since November 2008.