LandAmerica Buys 2 Companies

LandAmerica Financial Group Inc., Richmond, Va., has made separate acquisitions of a mortgage credit report provider and a flood hazard certification company.The company has acquired all the stock of Info1 Holding Co., an Atlanta-based independent mortgage credit report provider. LandAmerica paid $47 million in cash for Info1, which has gross revenues of $30.9 million for the first six months of 2003. In a separate deal, LandAmerica has agreed to buy Lereta Corp., a national tax service and flood hazard certification company based in Covina, Calif., for $210 million in cash. Lereta had gross revenues of $85 million for the first six months of this year. In a statement about the Lereta deal, Charles H. Foster Jr., chairman and chief executive of LandAmerica, said the deal will contribute to his company's goal of generating between one-fourth and one-fifth of its revenues from products and services other than title insurance.