Propy acquires Delta South Title, marking entrance into Alabama
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Propy acquires Delta South Title, marking entrance into Alabama
"As consolidation accelerates and technology reshapes every part of the real estate transaction, we want to empower independent title firms that are already performing at the top of their market but ready to embrace AI to scale further, Natalia Karayaneva, the CEO of Propy, said in a statement. By bringing Propy's AI and blockchain infrastructure to modernize closings, we're giving this team the tools to double their deal capacity and triple profitability."
"When Propy came along, it just clicked that this is where the market is headed, Couch said in a statement. Propy made me realize that even with steady profits, we were still turning down business because of how much time we spent on paperwork. What sold me was giving my employees more time back, helping them work smarter, not harder."
Propy is pursuing a roll-up strategy targeting roughly ten title firms valued around $10 million with $5 million to $50 million in revenue and strong local roots. Delta South Title, with over 40% market share in Mobile County, Alabama, matches those criteria. Propy plans to bring AI and blockchain infrastructure to modernize closings, increase deal capacity, and boost profitability. Delta South sought technology to reduce paperwork and give employees more time to work smarter. Propy intends to use this acquisition as a template for future roll-ups to accelerate growth toward a one-billion-dollar valuation within 18 months.
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