1031 Solutions acquired by California firm
BOULDER — California-based First American Financial Corp. (NYSE: FAF) has purchased the assets of 1031 Solutions LLC, a Boulder company.
FAF provides title, settlement and risk solutions for real estate transactions. 1031 Solutions is a 1031 exchange company that provides intermediary services for real estate exchanges, including reverse and improvement exchanges, to attorneys, tax advisers, real estate professionals and investors. All of 1031 Solutions’ capabilities will now be positioned under the First American Exchange Co. brand, according to a press statement from FAF.
“We are pleased to welcome 1031 Solutions and its deep expertise to the First American family,” Julie Baird, president of First American Exchange Co., said in a written statement. “The addition of 1031 Solutions will augment our ongoing efforts to offer customers in the Rocky Mountain region and surrounding markets superior service, and we’re looking forward to pursuing new opportunities for growth.”
Richard and Linda Levy founded 1031 Solutions in 2002; they will assist with the transition.
“Joining First American will provide new opportunities to serve our customers,” Richard Levy said. “We’re also pleased our staff will join a company that shares a similar employee-centric culture, which is reflected in First American’s being named one of the 100 Best Companies to Work For by Great Place to Work and Fortune magazine for the seventh consecutive year.”
First American had total revenues of $9.2 billion in 2021.