Richmond, Va.-based LandAmerica Financial Group, through its subsidiary Inspectech, purchased House Smart Inc., an Atlanta-based commercial and residential property inspection company. With this move, Inspectech, one of the nation’s largest home inspection companies, expands its presence in Georgia.
In operation since 1984, House Smart’s primary services include home inspections, commercial and residential facade and moisture assessments, commercial property condition assessments, and reserve studies. It operates in Arizona, California, Florida, Georgia, Illinois, Indiana, New Jersey, Missouri and Wisconsin.
At this time, a name change is not anticipated, and the company is expected to retain all employees.
Backroom operations will be consolidated into Inspectech’s National Support Center located in Alpharetta, Ga.
Jim Cochran, founder of House Smart, will continue in his role as president of House Smart and will participate at the executive level on all strategic initiatives for Inspectech.
LandAmerica Financial Group Inc. (NYSE: LFG) has more than 800 offices and 10,000 active agents in the United States, Mexico, Canada, the Caribbean, Central and South America. The company’s subsidiaries are Commonwealth Land Title Insurance Co., Lawyers Title Insurance Corp., Transnation Title Insurance Co., LandAmerica OneStop and Inspectech.
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