Pac Title adds funds, new CEO


Pacific Title & Art Studio has 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, Ticonderoga and venture capitalist William Daniels. At that time, Miller, who was then in charge of sales, was named acting CEO and later CEO.