Mortgage banking industry law firm Butler & Hosch, P.A. said Tuesday that it will acquire Atlanta-based McCurdy & Candler, LLC Default Practice. The firms are in the final stages of the acquisitions process, and the two companies are completing due diligence process this week.
The deal is expected to be finalized by the end of the month, Butler & Hosch officials said in a statement.
Butler & Hosch has been quickly expanding its presence across the country. In June 2013, the firm also acquired Cal-Western Reconveyance LLC, one of the largest trustee companies in the nation.
Bob Hosch, managing partner at the law firm, said, "The McCurdy & Candler, LLC Default Practice adds Tennessee and increases our Georgia presence to the existing Butler & Hosch footprint, and the multiple states the law firm practices in."
Hosch noted that clients will see no changes in day-to-day operations or in senior leadership. Industry veterans and McCurdy & Candler, LLC Default Practice senior leaders, Deborah Cheek, Sid Gelernter and Michael Dugan will continue to manage all legal and compliance operations post-acquisition.
"We are looking forward to the strategic partnership with Butler & Hosch and the operational support that a national platform will provide to our organization," said Sid Gelernter, Managing Partner of McCurdy & Candler, LLC Default Practice.
McCurdy & Candler, LLC is authorized by both Freddie Mac and Fannie Mae to perform default services in Tennessee and Georgia and will continue to perform default services in those states under the new partnership.