May 27, 2009

Croft & Bender Advises BPG on Acquisition of LandAmerica Home Warranty and Property Inspection


Atlanta, GA – (May 27, 2009) – Buyers Protection Group, Inc. (“BPG”), an Atlanta-based real

estate services firm, has signed a definitive agreement to purchase two subsidiaries from

LandAmerica Financial Group, Inc. (“LandAmerica”). The acquisition is subject to regulatory

approval and is expected to close later this summer.

LandAmerica Home Warranty Company, founded in 1987, provides one-year home warranties in

30 states with concentration in AZ, CA, and TX. LandAmerica Property Inspections Inc. was

started in 2001 and is now the nation’s largest employee-based inspection company providing

residential and commercial inspections in 14 states, including 25 key metropolitan real estate

markets. Both companies will undergo name changes upon completion of the acquisition.

BPG was established to support the current management team and employees in purchasing the

companies from LandAmerica. When the transaction closes, BPG will have more than 250

employees and will maintain dual operation centers in Burbank, CA and Alpharetta, GA. The

Company plans to implement a controlled expansion strategy leveraging the existing footprint of

the two businesses.

“We believe the home warranty and inspection businesses are both solid companies with great

reputations,” said BPG President and CEO, Revell Fraser. “We are well positioned to leverage our

passion, focus, and financial strength to deliver distinct value and growth as an independent


“Both businesses have remained profitable and service-oriented during an extremely difficult

downturn,” said Robert Covington, a Principal at The Stephens Group which owns a majority

interest in BPG. “Their strong business ethics and proven ability to execute a well developed

strategy will drive even more success as the housing market begins to normalize.”

BPG was advised by Croft & Bender LLC in Atlanta, Georgia and has partnered with The Stephens

Group in Little Rock, Arkansas on the transaction.

About Buyers Protection Group, Inc.

BPG provides critical consumer-centric services to help real estate professionals, home buyers, and

home sellers in their real estate transactions. The Company manages a network of employees and

technology to deliver home warranties, home inspections, commercial and multi-family inspections,

reserve studies, property disclosure reports, radon testing and monitoring, and pest inspections.

About The Stephens Group (

The Stephens Group, LLC, is a private, family-owned firm that invests its capital in private

companies with exceptional management teams and high returns on invested capital in growing

industries. The principals of The Stephens Group have over 70 years of history in successfully

investing in both minority and control positions across multiple industries. The Stephens Group,