Black Knight Inc.’s former parent company, Fidelity National Financial Inc., is known for its deal-making with a long history of acquisitions beyond its main business of title insurance.
As an independent company, Black Knight may be following a similar path, making deals beyond its main business of mortgage processing services, according to WJCT News partner the Jacksonville Daily Record.
Black Knight on July 27 announced a $1.8 billion deal to buy Optimal Blue, a digital marketplace that connects lenders and investors in the secondary mortgage market.
This follows Black Knight’s involvement last year in a $6.9 billion buyout of business data firm Dun & Bradstreet Holdings, Inc.
Black Knight was not the lead investor in that deal but after the acquisition, CEO Anthony Jabbour took on the additional role of chief executive of Dun & Bradstreet.
Dun & Bradstreet went public July 1, which was 16 months after the buyout, and Jabbour remains CEO of both companies.
Read the rest of this story at JaxDailyRecord.com.
