DOMA acquired by TITLE RESOURCES GROUP (TRG)
Context
The acquisition of Doma Holdings by Title Resources Group (TRG) represents a landmark consolidation in the U.S. title insurance market. A unique strategic component of the deal involves the separation of Doma’s assets: Doma’s underwriting division (DTI) becomes a wholly owned subsidiary of TRG, while its technology division (Doma TechCo) will operate as a separately capitalized sister company. Centerbridge Partners remains the largest shareholder of TRG and becomes the majority owner of Doma TechCo. Additionally, Lennar’s strategic arm, LENX, made a concurrent investment to become a minority owner of TRG, reinforcing the group's ties to the homebuilding community. The strategic rationale for the deal centers on achieving massive scale in underwriting while isolating and further developing Doma’s disruptive AI-driven technology. By combining TRG’s financial stability with Doma’s innovative data stack, the group aims to set a new industry standard for high-speed, data-driven title closings.
DOMA, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).
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Target
Doma Holdings, Inc. is a leading real estate technology company that utilizes machine learning and advanced data analytics to modernize the residential real estate closing process. The firm specializes in providing instant title insurance underwriting and digital closing services, significantly reducing the time and cost associated with traditional property transfers. Its core technology platform, developed through its technology division, automates complex manual tasks such as title search and risk assessment, enabling a frictionless experience for mortgage lenders, real estate agents, and homebuyers. The company's underwriting arm, Doma Title Insurance, Inc. (DTI), is licensed to operate across a vast majority of the United States, providing the high-assurance financial backing required for large-scale real estate transactions. Doma’s business model is characterized by a "tech-first" approach to the title industry, positioning it as a primary disruptor of legacy insurance practices.
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REFERENCES
Valuation range: EV 100M - 350M USD
Revenue range: 250M - 500M USD
EBITDA range: 10M - 30M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: doma
Acquirer: title resources group (trg)