Real Matters' Solidifi buys Linear Title & Closing for up to $96 mln

Solidifi, the Buffalo, New York, provider of real-estate-valuation services to 60 of the top 100 lenders, said it acquired Linear Title & Closing Ltd for as much as US$96 million, conditioned on performance metrics. Solidifi is a unit of Real Matters Inc, which in turn is backed by Whitecap Venture Partners, the Toronto early-stage VC firm. Linear, based in Rhode Island, provides real-estate services. Real Matters, Markham, Ontario, privately placed $100 million of common equity to fund the deal.

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