GCA Advises Commissions Inc. Sale to Fidelity National Financial
We are pleased to announce that our client, Commissions, Inc. (“CINC” or the “Company”) has entered into a definitive agreement to be acquired by Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”), a leading provider of title insurance, technology and transaction services to the real estate and mortgage industries.
CINC is the fastest-growing provider of an end-to-end SaaS CRM, lead generation and lead management software platform focused on high-performing residential real estate agents and agent teams. CINC’s product offerings include software, marketing and services designed to enhance the productivity and sales results of elite Realtors® and agent teams through lead generation and proactive lead management. CINC has more than 1,500 customers who collectively have closed more than 170,000 residential real estate transactions over the last twelve months. The Company was founded in 2011 and is owned by Serent Capital and the current CINC management team. The business has ~120 employees and is headquartered in Marietta, Georgia.
GCA acted as exclusive financial advisor to Commissions, Inc. in connection with this transaction. Terms of the deal were not disclosed.
Founded in Marietta, Georgia in 2011, CINC (Commissions, Inc.) is the leading provider of web-based real estate marketing and CRM software for elite agents and teams across North America. The solution includes a consumer website that integrates with local MLS data, a complete CRM platform that allows real estate agents to nurture clients and monitor their business, and access to two mobile apps (CINC Agent App and Houses.net). Built with the support and input of some of North America’s top brokers, CINC powers the businesses of thousands of agents and connects them with millions of consumers every month. CINC’s Co-Founder and CEO, Duane LeGate was recently announced as an Ernst and Young Entrepreneur of the Year 2016 Award winner for the Southeast division. Along with this award in 2016, CINC has been highlighted as Atlanta’s Top Workplace by the Atlanta Journal Constitution, one of the Top 40 Innovative Technology Companies in Georgia by the Technology Association of Georgia (TAG), the 5th fastest growing company by the Atlanta Chapter of The Association for Corporate Growth (ACG) and a Pacesetter Honoree by the Atlanta Business Chronic. For more information, visit www.commissionsinc.com.
Fidelity National Financial, Inc. is organized into two groups, FNF Group (NYSE: FNF) and FNFV Group (NYSE: FNFV). FNF is a leading provider of title insurance, technology and transaction services to the real estate and mortgage industries. FNF is the nation’s largest title insurance company through its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more title insurance policies than any other title company in the United States. FNF also provides industry-leading mortgage technology solutions and transaction services, including MSP®, the leading residential mortgage servicing technology platform in the U.S., through its majority-owned subsidiaries, Black Knight Financial Services and ServiceLink Holdings. FNFV holds majority and minority equity investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC, Ceridian HCM, Inc., Digital Insurance, Inc. and Del Frisco’s Restaurant Group, Inc. For more information, visit www.fnf.com.