Pac Title adds funds, new CEO

David McCarthy promoted to top post

Pacific Title & Art Studio recently completed a $3 million round of growth financing by Celerity Partners and Ticonderoga Capital, the company reported Thursday.

Separately, David McCarthy has been promoted to president and CEO, succeeding David Miller, who has been elevated from his post as CEO to become chairman of Pacific Title and its parent company, Global Post Ventures.

Pacific Title & Art Studio was sold last year for $23 million to an investment group led by Celerity Partners, Ticonderoga Capital and venture capitalist William Daniels. At that time, Miller, who was then executive in charge of sales, was named acting CEO and later CEO.