OceanFirst Financial Corp. Acquires Majority Stake in Trident Abstract Title Agency, LLC
February 3, 2022
OceanFirst Financial Corp. signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC, with the right to acquire 100%. Trident, a family-owned title agency based in Wall Township, New Jersey, will operate as an independent subsidiary and its current owners, Chris Carton and Derrick Scenna, will continue to manage daily operations; the deal was expected to close March 1, 2022.
- Buyers
- OceanFirst Financial Corp.
- Targets
- Trident Abstract Title Agency, LLC
- Sellers
- Chris Carton, Derrick Scenna
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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