Fidelity National Home Warranty
Fidelity National Home Warranty Acquires BPG Home Warranty, HISCO Home Warranty and BPG Home Inspection
Friday, February 27, 2015 6:00 PM
CONCORD, CA / ACCESSWIRE / February 27, 2015 / Fidelity National Home Warranty increases market share in several states.
Fidelity National Home Warranty (FNHW), a California based home warranty company is pleased to announce the February 13, 2015 acquisition of BPG Holdings, LLC ("BPG"), a recognized leader in home warranty, home inspection and commercial inspections. The acquisition, which recently received regulatory approval, provides FNHW with home warranty operations in 13 states and home inspection services in over 25 states. The acquisition included the acquisition of HISCO Home Warranty, the first company to be granted a home protection license by the California Department of Insurance in 1973.
Both BPG and HISCO home warranty companies will transition to the FNHW name in March, while the Home Inspection Company will continue operating under their current name: BPG Home Inspections.FNHW will service its home warranty customers out of both their Concord, CA and Alpharetta, GA call centers.
"The acquisition of BPG Home Warranty, including HISCO Home Warranty, will provide a meaningful increase to our market share in California, Texas, Arizona and Nevada while giving us added scale in several other states," said Billy Jensen, FNHW President and CEO. "Our combined home warranty business provides a great opportunity to continue with our nationwide expansion efforts, and the home inspection services platform provides a substantial opportunity for further future growth by FNHW. We are also excited to be offering the CRES Advantage 13 Month Home Warranty Plan for CRES insured offices. Both BPG and HISCO have done a great job with providing this value added E &O product and we look forward to continuing that relationship."
About Fidelity National Home Warranty
Fidelity National Home Warranty began in January 1995 as Alliance Home Warranty and was acquired by Fidelity National Financial, Inc. (NYSE:FNF) on August 14, 1998. In March of 2000, FNF acquired Chicago Title, which included Chicago Home Warranty, formerly known as Continental Home Warranty. The two home warranty companies merged in January of 2001 under the Fidelity National Home Warranty license. FNHW currently operates in California, Arizona, Nevada, Texas, Colorado, Washington, Oregon and Idaho, providing quality home warranty products and exceptional service to their customers. The Company is a charter member of the National Home Service Contract Association (NHSCA) and is currently one of the nation's largest home warranty providers. For more information visit http://homewarranty.com
FNHW also operates Disclosure Source, California's premier natural hazard disclosure company providing complete, compliant and current natural hazard disclosures, tax and environmental information to the real estate industry. For more information visit https://www.disclosuresource.com/
About Buyers Protection Group
BPG provided home warranties and home inspections to consumers involved in real estate transactions since 1987. BPG operated in 14 states including the top 25 housing markets and included the ownership of home warranty company, HISCO. HISCO was the first company to be granted a home protection license by the California Department of Insurance in 1973.
BPG Property Inspections is the largest employee-based home inspection company in the country, inspecting homes since 1989. Our inspectors and engineers undergo thorough background checks and must meet ongoing training and performance standards - they are a select group of professionals. For more information visit http://www.bpgwi.com/home-inspections
Vice President of Marketing
SOURCE: Fidelity National Home Warranty