Isle of Man-headquartered Boston Multi Family Office has completed its acquisition of Aqua Group.
The deal will enable Boston to expand its operations to the Channel Islands and UK.
It will also bolster its presence in Malta where it has had an office since 2012.
New Shores
It marks the latest in a series of strategic acquisitions of like-minded businesses by Boston.
Aqua Group was established in 2012 with the aim of helping families and their businesses achieve their financial expectations through consistent client service and the application of technical and strategic approaches to their objectives.
“It was clear from the beginning of our negotiations that Aqua Group had a similar outlook to our own.
“We have both shared a focus on building excellent long-term relationships with our clients, working with families and businesses that often have complex, multi-generational and multi-jurisdictional requirements.”
Boston Expansion
She added: “In addition to broadening our scope of operations, the acquisition will allow us to benefit from the expertise and experience of the well-established Aqua team who will bring additional knowledge and connections to the business.
“We have already enjoyed getting to know them over the past few months as we have worked through the acquisition process together and we look forward to joining forces to provide our newly combined expanded clientele with the superb level of service they have come to rely on.
Boston CEO Katherine Ellis.
“I would like to thank our investors at Horizon Capital for their continued support as well as those who assisted us with the transaction including Mazars for financial due diligence and corporate advisory services, CMS and Walkers for legal services and KPMG for regulatory due diligence.”
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