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IQ-EQ subsidiary FNTC America acquires PCS Holdings LLC and partners with ECR in the U.S.

12 Apr 2023

First National Trustee Company (FNTC), an IQ-EQ Group company that serves the timeshare industry internationally, has today announced it is expanding its suite of services in the U.S. with the acquisition by its subsidiary FNTC America (FNTCA) of PCS Holdings LLC, the title agency affiliated with Eck, Collins & Richardson (ECR). Additionally, FNTCA and ECR have entered a strategic arrangement allowing both to provide seamless title, trustee, foreclosure, escrow and legal services to their shared clients.

ECR is a timeshare foreclosure and closing firm with over 50 years’ experience serving the timeshare industry. PCS was established in 2004 to provide title, closing, escrow and related timeshare inventory services to ECR’s clients. PCS and ECR have offices in Orlando, FL; Richmond, VA; Charleston, SC; and San Antonio, TX.

Part of the IQ-EQ Group, FNTC is a world-leading provider of business solutions and legal structures to timeshare developers, helping deliver the best infrastructure for fractional or shared ownership resorts and vacation clubs. It owns property in excess of $2 billion on behalf of its clients and protects the interests of over 650,000 consumers worldwide via trust structures and other solutions. FNTC’s U.S. subsidiaries include FNTCA and Vacation Ownership Title Agency (VOTA).

“We are thrilled to welcome the PCS team,” said Declan Kenny, Chief Executive of FNTC. “Combining the scope and talent of our subsidiary VOTA with PCS strengthens our ability to serve our timeshare clients. This, and the association with Eck, Collins & Richardson, gives us the ability to offer our clients a single source solution for all their title, trustee, foreclosure, escrow, recording and financing needs.”

He continued: “Philip Richardson has led Eck, Collins & Richardson and PCS for 14 years, while the firm has been in business for over 50 years. They are a trusted partner for timeshare developers and managers who depend on them to execute their timeshare closings, foreclosures and title transfers. This perfectly complements our services as we continue to grow our presence in the United States.”

Philip Richardson commented: “Joining the FNTC team gives us the opportunity to accelerate our growth plans, provides access to proprietary technology and expands our team of seasoned experts who will help us better serve our clients’ needs.”

Working with IQ-EQ has been seamless – you and your team understand our business, advise us appropriately, and handle your side of our collective partnership so that we can focus on making good investment decisions. Evan Gibson SVP, Merchants Capital

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