Title Security Agency of Arizona has signed of a joint venture agreement to form a new company with First American Title Co.’s Tucson and Green Valley Divisions.

Title Security Agency’s wholly owned subsidiary, Landmark Title Assurance Agency – Tucson Division, will also become part of the new company, Title Security Agency LLC.

The transaction is expected to close by May 1, the companies said in a news release.

The new, locally owned and managed company will provide title insurance and settlement services, trust, and local account servicing for all types of Southern Arizona real estate transactions.

Vivian Boggie is president and CEO of Title Security Agency LLC; Bruce Jacobs, vice president and county manager of First American Title Co.’s Tucson division, will serve as executive vice president and chief operating officer of the new company.

The combined company will employ employ 170 workers in 20 offices.