Shelton-based Realtor referral and moving services firm TotalMove is set to be acquired by Most Home Corp. of Washington, an online customer service platform for mortgage and real estate professionals.
The full purchase price will be disclosed at closing, expected on or about Aug. 1, according to Most Home. The company said it expects to fund the acquisition through the issuance of a $900,000 promissory note, payable over three years with interest of 7 percent annually.
TotalMove clients include E-Loan, Wachovia Mortgage and Ditech. Most Home CEO Ken Galpin said in a statement that the acquisition represents an “excellent strategic fit due to the similarity of services provided by both firms.”