Fathom Announces Divestiture of Dagley Insurance
CARY, N.C., May 6, 2024 /PRNewswire/ -- Fathom Holdings Inc. (NASDAQ:FTHM) ("Fathom" or the "Company"), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced the divestiture of Dagley Insurance ("Dagley" or "DIA") to DIA founder Nathan Dagley for a total purchase price of $15 million (the "Transaction"), including $8.0 million paid at closing and $7.0 million paid over the next 24 months. The proceeds from the transaction will be used to strengthen Fathom's financial position and support its growth initiatives.
Dagley Insurance will continue to work closely in support of the Fathom Realty agent network across the 47 states in which it operates, providing their real estate clients with a range of high-quality service ...
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