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LandAmerica Expands Commercial Real Estate Valuation Capabilities with Aaron & Wright Acquisition

2008-08-05 10:43:00

LandAmerica Expands Commercial Real Estate Valuation Capabilities with Aaron & Wright Acquisition

    RICHMOND, Va., Aug. 5 /EMWNews/ -- LandAmerica Financial

Group, Inc. (NYSE: LFG), a leading provider of real estate transaction

services, announces through its LandAmerica Valuation Corporation (LVC)

subsidiary the acquisition of Aaron & Wright, Incorporated, a commercial

real estate valuation company based in Houston, Texas.



    Founded in 1990, Aaron & Wright provides commercial real estate

valuation services throughout the United States. The company has

significant expertise in the valuation of religious facilities.



    The Aaron & Wright purchase, which follows on the heals of last years

acquisition of the Dallas-based appraisal firm Butler Burgher, Inc., is the

latest move in LVC's targeted growth strategy. With these acquisition, LVC

gains greater geographic coverage and significant customer relationships in

new market niches.



    "This is a win-win for both companies and our customers," said John

Wright, a principal and founder of Aaron & Wright. "The national coverage

afforded by LandAmerica will allow us to better serve the valuation needs

of our customers in the commercial real estate industry."



    "We are excited about Aaron & Wright joining the LandAmerica family,"

added Chuck Victor, Senior Vice President -- Commercial Services. "With

their commitment to giving customers superior service, this acquisition is

an important step in making LandAmerica the premier provider of real estate

transaction services."



    In 2004, LandAmerica Financial Group, through its LandAmerica

Assessment Corporation subsidiary, acquired Aaron & Wright Technical

Services, Incorporated, creating one of the nation's largest environmental

site assessment and property condition assessment firms in the nation.



    "Based on our experience in combining the assessments companies, we are

convinced that joining LandAmerica is the best thing for Aaron & Wright's

clients and appraisers," stated Martin H. Aaron, the other principal and

founder of the firm.



    About LandAmerica Financial Group, Inc.



    LandAmerica Financial Group, Inc. is a leading provider of real estate

transaction services with over 650 offices and a network of more than 8,500

active agents. LandAmerica serves agent, residential, commercial and lender

customers throughout the United States, Mexico, Canada, the Caribbean,

Latin America, Europe and Asia. LandAmerica is recognized as number one in

the mortgage services industry on Fortune's(R) 2007 and 2008 lists of

America's Most Admired Companies.





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Blake Masterson

Freelance Writer, Journalist and Father of 5

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