Investor services group IQ-EQ is pleased to announce that its leisure administration business, First National Trustee Company (FNTC), has acquired Vacation Ownership Title Agency, Inc. (VOTA), a leading US-based service provider for title and escrow services in the vacation ownership industry.
“FNTC acquired VOTA as part of its long-term strategy to be a truly global service provider to the vacation ownership industry,” said John P. Raney, President, FNTC America.
Based in Florida, VOTA has provided bespoke services to the vacation ownership industry for over a decade and is a licensed title insurance agency in 17 US states.
The acquisition of VOTA as an additional service provider under the umbrella of FNTC will provide clients with a tailored approach to escrow, title and foreclosure services. This new partnership will ensure that FNTC and VOTA can offer a full range of superior services to their current and future client base.
"We are excited for our future with FNTC," commented Leon Basye, President of VOTA. "We are looking forward to expanding our resources so that we can continue elevating our services to the next level of technology and excellence."
With over £2.5 billion of property assets under management, FNTC is the world’s leading provider of business solutions and legal structures for resort developments across the globe, providing trustee and additional services to develop the best infrastructure for fractional or shared ownership resorts.
FNTC and FNTC America Ltd are both wholly owned subsidiaries of IQ-EQ, a leading investor services group that supports fund managers, global companies, family offices and private clients operating worldwide.
Leading IQ-EQ’s M&A strategy is Group Executive Chairman, Serge Krancenblum. “This acquisition represents a key milestone not only for FNTC but for the Group as a whole, as we seek to strategically strengthen our global presence across key service areas and jurisdictions,” he said. “VOTA is a well-established provider in the vacation ownership space and their expertise in escrow and title services in the US market perfectly complements our existing services in Europe, Asia and the Americas. I look forward to seeing what new opportunities this partnership will open up.”