Stewart Information Services Corporation announced on November 6, 2025 that its wholly‑owned subsidiary, SISCO Holdings, will acquire Mortgage Contracting Services (MCS), a national property‑preservation provider, for $330 million in cash.
The purchase adds MCS’s technology platform and client base to Stewart’s lender‑services and Real Estate Solutions businesses, positioning the company to offer property‑preservation services that support default servicing for mortgage servicers and lenders. MCS will continue to operate as a standalone entity, and Stewart expects the deal to be immediately accretive to earnings.
Stewart’s Q3 2025 results—released on October 22—showed revenue of $796.9 million, up 19% from $667.5 million in Q3 2024, and net income attributable to Stewart of $44.3 million, a 47% increase from $30.1 million in the prior year. Earnings per diluted share rose to $1.55 from $1.07, a 45% year‑over‑year gain, underscoring the company’s strong operating performance and providing a solid financial foundation for the acquisition.
MCS’s own financials are not publicly disclosed, but estimates place its annual revenue between $35 million and $77.7 million. The $330 million purchase price therefore implies a revenue multiple in the range of roughly 4.3× to 9.4×, consistent with valuations for comparable property‑preservation firms and reflecting MCS’s market leadership and national footprint.
"We are pleased to acquire MCS and look forward to offering property‑preservation services that support default servicing for our lender and servicer customers," said Stewart CEO Fred Eppinger. MCS President Chad Mosley added, "MCS is a well‑respected leader in the industry and a perfect addition to Stewart’s Real Estate Solutions business."
Investors welcomed the announcement, viewing the deal as a strategic extension of Stewart’s lender‑services platform and a source of new revenue streams in the mortgage‑services market.
The transaction is subject to customary closing conditions and the Hart‑Scott‑Rodino waiting period, and Stewart expects the deal to close before the end of the year.
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