First American, Experian Finish Unit Merger
Times Wire Reports
SANTA ANA —
Real estate services provider First American Financial Corp. and credit data giant Experian Inc. said they have completed the merger of their real estate information units into a new company, First American Real Estate Solutions LLC, which will begin operations Jan. 1.
Santa Ana-based First American will own 80% of the new company and Orange-based Experian will own 20%. Financial terms were not disclosed.
The new company, which will have estimated annual revenue of more than $450 million, will be based in St. Petersburg, Fla., also the headquarters of First American Real Estate Information Service.
