Deals
Assurant Acquires StreetLinks to Bolster Mortgage Business
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Assurant Inc., the insurer of foreclosed homes, acquired StreetLinks LLC from a group of owners led by Novation Cos. for about $60 million in cash to expand appraisal services for the mortgage industry.
The transaction probably will add to earnings next year, New York-based Assurant said today in a statement. Assurant’s payment for the deal may increase, based on the business’s future performance, the company said. StreetLinks will retain its brand name and remain headquartered in Indianapolis, according to the statement.