The title insurance unit of First American Financial Corp. has agreed to acquire Hexter-Fair Title Co. in Dallas.

First American Title Insurance Co. would add 21 offices in the Dallas-Fort Worth metropolitan area with the deal. Hexter-Fair's current owner, David Fair, will become chairman of the new entity, Hexter-Fair/First American Title Co. LLC, First American said on Thursday.

The financial terms of the agreement, expected to close in January, were not released.

First American Financial Corp. in Santa Ana, Calif., provides banking, trust and investment advisory services in addition to title insurance and settlement services, valuation products and property and casualty insurance. Hexter-Fair is a title and escrow company.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.