Orange-based real estate appraisal company LRES acquired InsideValuation, a commercial and residential appraisal company in Reno, Nev., on undisclosed terms.
The deal allows InsideValuation’s appraisers to provide services in all 50 states. The deal also adds 58 employees to LRES.
InsideValuation’s Reno office has estimated annual revenue of $5 million to $10 million.
LRES has annual revenue of about $47 million. It acquired Tulsa, Okla.-based appraisal company Lenders Choice last year and said it’s considering other real estate-related acquisitions to increase its products and services.