First American Unit Buys Title Company

Santa Ana-based First American Financial Corp. said Wednesday that its title insurance subsidiary has acquired Crystal River Title Co. in Crystal River, Fla. Financial terms were not disclosed.

First American said it bought the company from Kenneth MacKay III, the second First American purchase of a title company from MacKay. In June 1998, the company acquired MacKay’s Florida Title & Abstract Co., Marion County, Fla.

First American Financial provides business information and related services.