Equiom is delighted to announce that it has successfully completed the acquisition of fiduciary services provider West Corporation Limited (West).
Equiom’s Group Managing Director Sheila Dean commented: “I am delighted that we were able to conclude this transaction so swiftly following the successful completion of our Secondary Management Buyout in September 2013. Equiom offers a market leading proposition and has been successful in enjoying a period of steady growth. The team at West have an established and diverse client portfolio and work closely with corporates, private individuals and their advisers offering a range of fiduciary and specialist services including yachting and aviation. The synergy between our businesses was evident from the outset and we are delighted to be in a position to offer both clients and staff continuity”.
Paul Seaward, Managing Director of West added: “We are delighted to be joining Equiom. This move is in the best interests of our clients and staff and both will benefit from the increased breadth and depth of services that will be offered by Equiom.”
Equiom now employs over 160 people across three offices in the Isle of Man, Jersey and Malta. Its growth in recent years is as a result of its high quality service offering to customers, alongside considerable investment in its operational platform and sales drive. The transaction is part of Equiom’s growth strategy following the completion of a number of acquisitions in addition to the group’s expansion into Jersey and Malta.
Category: Finance & Business