A title insurance giant that has been a fixture on the American real estate landscape since the 1800s has agreed to be acquired by a larger peer.

Maco Stewart, along with legislator William H. Stewart and other family members, purchased the Gulf City Abstract Co. in 1893.

The firm, which was located in Galveston, Texas, was the beginning of Stewart Title Co., now operating from Houston and claiming the No. 3 spot among title companies.

Source: Mortgage Daily