ISLE of Man headquartered trust and corporate service provider Equiom has bought Intertrust Isle of Man’s yachting and aviation business. The acquisition will significantly increase the fleet of yachts and aircraft managed by Equiom.
Equiom managing director Sheila Dean and Intertrust Isle of Man managing director Bruce Dutton
Intertrust Group is a leading global trust and corporate services provider with offices in the Americas, Europe and Asia.
Ernesto Traulsen, CFO of the 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.”
Managing director of Equiom Sheila Dean said: “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 added: “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 has now joined Equiom’s specialist team.
Bruce Dutton said: “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 range of corporate services with additional specialist service lines including crewing, e-gaming and property.
By: John Gregory
