Boston Multi Family Office has acquired Fedelta Trust Limited as it continues to pursue its ambitions for long-term growth in the fiduciary market.
The move follows Boston's previous acquisition of IQE Ltd in 2020 and is the second major acquisition since CEO Katherine Ellis and COO Alex McNee led a management buyout of Boston in October 2019.
This latest deal will see the existing Fedelta team, led by Steven Quirk and David Brew, move to Boston's offices.
Katherine Ellis said, "Boston is always looking for opportunities that will expand and enhance our services to clients and provide a good strategic fit for further growth. Fedelta has an excellent record in delivering quality financial services, built on the same values and culture that we cherish at Boston. We are delighted to welcome the Fedelta team to our premises and look forward to working with them."
Fedelta Trust director Steven Quirk added: "Fedelta has always endeavoured to offer a customer-focused approach with the highest standards of personal service, integrity and expertise. During our discussions with Katherine and Alex, it became apparent at an early stage that they, and the wider team at Boston, have a like-minded approach. This was important to us and will provide our clients and staff with a strong foundation for the future.
"Additionally, our combined resources will strengthen the expertise that we can offer to our clients and the extensive solutions that Boston can provide will further enhance our services and give greater opportunities for our staff to develop and fulfil their potential."
The acquisition is supported by Horizon Capital, new financing partner for Boston, and supports the long-term strategy of organic and acquisitive growth for Boston.
Adam Lewis, partner at Horizon Capital, said, "We are delighted to support the acquisition of Fedelta having recently completed our investment into Boston. This is the first of several planned strategic acquisitions that will continue to build on Boston's client-focused approach and enhance the client offering going forwards."
Boston Multi Family Office was founded in 2002 as a single family office and was held privately until 2019. The company provides boutique administration services from offices in the Isle of Man and Malta.
The acquisition is subject to regulatory approval.
