Enverus acquired Integrity Title Co., the largest provider of title plant access in Texas and New Mexico, for an undisclosed amount, the company said June 16.

The deal comes roughly a week after Enverus closed on a recent investment made through the sale of majority ownership to Hellman & Friedman. The new investment is believed to signal the next phase of growth for Enverus, according to Jeff Hughes, CEO of the global energy data analytics and SaaS technology company.

The acquisition of Integrity Title adds title plant databases currently cover 92 title plant counties in Texas and 15 title plant counties in New Mexico and constitute more than 90% and 75% of the population and title premium remittance respectively for the two states.

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In title research, most title plants typically extend back 40 years and give in-depth overviews of critical information regarding a tract of land. This data is used by title companies, attorneys, investors, developers, builders, real estate agents and banks to add confidence, minimize risk and reduce the cost to produce title insurance.

“Anyone who works in a land-based industry knows that constructing a chain of title is a very time-consuming, document-intensive task requiring multiple searches through cumbersome card and tract plants, and often, in-person trips to county courthouses,” Scott Luna, director and former owner of Integrity Title, said in a statement on June 16.

However, Enverus President Manuj Nikhanj said by merging the digitization of land and courthouse records owned by Enverus will accelerate innovation through high-powered technology, allowing Integrity Title Plants to convert weeks of time-consuming research into seconds.

“Combining forces with Enverus creates enormous opportunities for Integrity Title and our customers, not only for title research, but also in providing energy companies the opportunity to seamlessly unite title insurance products,” Manuj said in a statement.

Enverus plans to integrate Integrity Title’s technology into a unique-to-market source platform called Integrity Title Plants to create the most robust and accurate title evidence research platform accessible online. Enverus’ technology and quality control processes, combined with Integrity's Title’s geographic coverage, will enable the creation of the highest quality, easiest to search and most current title plants in Texas and New Mexico, according to the company release.

“As the Unities States’ real estate continues to evolve and transform,” Luna continued in his statement, “Integrity Title Plants is best positioned to support land diligence for all residential or commercial projects be it land or energy development, including wind or solar farms, highways and road expansion and transmission lines or pipelines.”

Integrity has an agency network of over 1,800 subscribed county licenses across the Texas and New Mexico, including 45% of the subscriber market in Texas. In terms of coverage, Integrity surpasses any of the competitors by providing access to 94% and 75% respectively in regards to the state’s population and title premium remittance, the company release said.

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