Equiom, the Isle of Man headquartered trust and corporate service provider, has announced the purchase of the business of Intertrust Isle of Man which specialises in yachting and aviation activities. In a move that reinforces Equiom’s European leading position in the provision of yachting and aviation services the acquisition will significantly increase the fleet of yachts and aircraft managed by Equiom. Intertrust Group is a leading global trust and corporate services provider with offices in the Americas, Europe and Asia.
Ernesto Traulsen, CFO of Intertrust Group said: A common basis was to have a transaction which is in the long term best interests of our clients and staff. Between us we established a relationship to foster future collaboration, not just a single transaction. A ‘win-win’ for all parties.
Sheila Dean, Managing Director of Equiom commented on the transaction: “Following the successful integration of a small book of business last summer, this acquisition is another major step forward for us and is very much in line with our stated strategy of acquisitive growth to support our successful organic growth. Intertrust Isle of Man and Equiom have a lot of common ground in our approach to meeting client expectations and the importance of staff engagement, which significantly helped us ensure we completed the transaction in a relatively short period of time.”
Sheila continued “This investment in our specialist yachting and aviation business line has reinforced our market leading position and will be of considerable support to our global partnerships in this business area.”
Specialising in yachts and aircraft, the Intertrust Isle of Man team, headed up by Managing Director Bruce Dutton, has a wealth of experience in yachting and aviation management in a variety of jurisdictions and have now joined Equiom’s specialist team.
Bruce Dutton added: “The Equiom team has a very strong reputation and is acknowledged as being at the leading edge of yacht and aircraft management. We look forward to developing the business further and being a part of Equiom’s continued success.”
Sheila added “I am delighted to welcome Bruce and his team to Equiom and thank them for their assistance in completing this deal in a very short space of time. As always our focus will continue to be on delivering a first class service to ensure that for all clients it will be business as usual.”
Equiom will continue to develop their highly successful and broad range of corporate services with additional specialist service lines include crewing, e-Gaming and property .
Equiom is recognised as one of the Isle of Man’s largest and most prestigious independent providers of trust and corporate services and is seen as being at the forefront of developments in the offshore services environment. In addition to trust and company formation and administration services, Equiom has considerable experience in other specialist sectors including yacht and aircraft management and e-Gaming licensing and administration. Equiom’s expansion into Cyprus and Jersey ensures that clients can avail of multi jurisdictional solutions underpinned by the same quality Equiom ethos.
Equiom Trust Company Limited is licensed by the Isle of Man Financial Supervision Commission.
About Intertrust Group:
Intertrust is a recognised quality leader in the trust and corporate services domain, providing a broad range of commercial, legal, tax and administrative services to companies and high net worth individuals. Operating with 1,000 people from 27 offices in 19 countries, Intertrust combines a global reach with the local knowledge and cultural understanding to serve international clients from every corner of the world. With its global network of experts, roots in the financial world and a reputation for quality trust and corporate services, Intertrust brings together the people and knowledge for its clients to succeed, legally, financially and commercially.
For further information please go to www.equiom.im