IQ-EQ Purchases Concord Trust Co.
IQ-EQ, an
Astorg portfolio company, has signed terms to acquire
Concord Trust Company, an independent U.S. based trust company, headquartered in South Dakota and with offices in South Dakota and New Hampshire. This strategic transaction, the first for IQ-EQ in the U.S. private wealth space. It follows closely on from IQ-EQ’s successful acquisitions of U.S. based
Constellation Advisers LLC (January 2021) and
Blue River Partners LLC (June 2020).
On transaction completion
Mark Fordyce will assume overall responsibility for the group’s expanded U.S. operations. Concord’s management team of
Christopher Martin and