Fidelity National's Granite Financial Buys Lease Broker

Dow Jones

Fidelity National Financial Inc. said Wednesday its Granite Financial unit purchased Lexington Capital Corp., a lease broker, for $3 million in cash and $500,000 of Fidelity restricted common stock.

Fidelity National said Larry Moller and Ed Litke will remain co-chief operating officers of Lexington Capital, which specializes in financing national and regional franchisee accounts, including Dominoes, Kentucky Fried Chicken, Papa Johns, Dairy Queen and Little Caesars.

Irvine-based Fidelity National Financial is a specialty finance company and provider of title insurance and real estate information services.

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