Currently the managing partner of Blue Pear, a firm that provides capital to start-up technology companies, David Dewar possesses a quarter-century of experience in business. Based in Phoenix, Arizona, Dewar previously served as director of the Investor Audit Committee for Capital Title Group, Inc.
In September 2006, LandAmerica Financial Group, Inc., announced its purchase of Capital Title Group. Formerly headquartered in Scottsdale, Arizona, Capital Title Group primarily performed as a title underwriter and agent throughout Arizona, Nevada, and California. Created in 1981, it owned subsidiaries across other states that offered appraisal and valuation services to clients in the real estate and mortgage lending industries. One of the United States' Most Admired Companies according to Fortune magazine, LandAmerica Financial Group handles real estate transactions in several global territories.
The acquisition involved LandAmerica Financial Group obtaining all of Capital Title Group's common stock. It cost the company nearly $200 million plus 776,000 shares of its own common stock, which totaled approximately $250 million based on trading prices. When the businesses revealed the agreement, LandAmerica Financial Group's president and chief executive officer called the purchase “an ideal fit” and commented on how it would enhance its presence in America's West and Southwest.
In September 2006, LandAmerica Financial Group, Inc., announced its purchase of Capital Title Group. Formerly headquartered in Scottsdale, Arizona, Capital Title Group primarily performed as a title underwriter and agent throughout Arizona, Nevada, and California. Created in 1981, it owned subsidiaries across other states that offered appraisal and valuation services to clients in the real estate and mortgage lending industries. One of the United States' Most Admired Companies according to Fortune magazine, LandAmerica Financial Group handles real estate transactions in several global territories.
The acquisition involved LandAmerica Financial Group obtaining all of Capital Title Group's common stock. It cost the company nearly $200 million plus 776,000 shares of its own common stock, which totaled approximately $250 million based on trading prices. When the businesses revealed the agreement, LandAmerica Financial Group's president and chief executive officer called the purchase “an ideal fit” and commented on how it would enhance its presence in America's West and Southwest.