Panorama Point Partners, an Omaha-based private equity firm that specializes in working with middle-market growth- driven companies, has partnered with Tenura Holdings, an Austin-based private investment company, and an industry leading title insurance executive, Robert Jackson, to create an independent title and escrow platform company, called Nerio Group, that will serve a diverse group of financial institutions, real estate agents, and mortgage companies.
On March 29, 2018, Nerio Group invested in Vantage Point Title, Vantage Point Escrow, Reliant Title, and AmeriFirst Insurance. Together, this group of growing companies is active in 43 states across the country.
Robert Jackson and his partners founded Vantage Point in 2008 and have created a national, technology-centric title, escrow and default services company. Vantage Point operates in a highly automated manner, providing centralized real estate services from its Clearwater, Florida headquarters and is capable of integrating its platform directly into customer’s loan origination systems.
Reliant Title was founded in 2007, owned by Tenura Holdings, and backed by the private family office owned by James Mansour. Reliant provides a complete suite of title and escrow services, including purchase, refinancing, REO, and default services in the residential and commercial markets. Today,Reliant has 12 branches in Arizona, Nevada & Texas and is expanding into additional markets.
AmeriFirst Insurance provides homeowners, auto, and other insurance products in Texas, Arizona, and Colorado.
The strategy for the Nerio Companies is to create the leading technology-centric and customer-obsessed title platform serving all facets of the mortgage loan cycle—from residential purchase, refinancing, home equity, default and curative services, and commercial services.
As the Nerio Companies accelerate their growth strategy, the Company is recruiting experienced sales and escrow professionals with established relationships and acquiring regional title agencies that are looking for an exciting and entrepreneurial culture which is creating the next-generation of title companies.
Robert Jackson, founder and President of Vantage Point said “I am proud to partner with Panorama and Tenura in the formation of Nerio Group. Having the opportunity to work with individuals and organizations with a similar mindset of Customer First – Technology Driven Title Services made this a natural fit for me and the Vantage Point companies. The synergies of the combined entities and the strategy for growth and acquisition is tremendously exciting for not just Nerio but the title industry as a whole.”
Stephen J. George, Founder and Managing Partner of Panorama, commented “Panorama is truly excited about partnering with Robert Jackson and the Nerio team to assist them in growing their impressive businesses. The competitive advantages and synergies of the Nerio Companies puts us in a strong position to be an enviable leader in the industry and provide our customers with exceptional, market-leading services.“ Mr. George serves as Chairman of the Nerio Board of Directors.
Nerio’s President, Ali Hedayatifar, commented “Escrow, sales professionals, and consumers in the title insurance industry have less and less choice as the industry continues to consolidate. We believe that Nerio is well positioned to provide a unique alternative in the marketplace by offering customers and title and escrow professionals a
comprehensive set of resources including state of the art technology; an obsession with customer service; strong focus on compliance certifications and practices; and a growing, entrepreneurial culture of employee empowerment. We are very pleased to be partnering with Panorama to build this platform company, as they have a proven history of helping middle market companies achieve their growth objectives, through acquisition and organic growth initiatives.” Mr. Hedayatifar also serves on the Nerio Board of Directors.
Reliant Title’s President, Rob Law, commented “I am excited to partner with Robert Jackson and the Vantage Point team. This transaction allows Reliant Title to expand its footprint nationally, leverage a cutting edge operating technology and streamline support departments through shared services.”
Panorama Point Partners contributed the private equity for the investment. Tennenbaum Capital Partners, a leading private debt firm, provided the debt financing. Piper Jaffrey acted as investment banker.
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