First National Trustee Company, an IQ-EQ company, acquires PCS Holdings
PRESS RELEASE
Orlando, Florida: FNTC America, Ltd. (FNTCA), an IQ-EQ Group company that serves the U.S. timeshare industry, announces today that it is expanding its suite of services with the acquisition of PCS Holdings, LLC (PCS), the title agency affiliated with Eck, Collins & Richardson, PL (ECR). Additionally, FNTCA and ECR have entered a strategic arrangement that allows both to provide seamless title, trustee, foreclosure, escrow and legal services to their shared clients. The transaction is effective April 12, 2023.
“We are thrilled to welcome the PCS team. Combining the scope and talent of our subsidiary Vacation Ownership Title Agency, Inc. (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,” says Declan Kenny, Chief Executive at FNTC.
“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,” continued Kenny.
“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,” said Philip Richardson. He continued, “We both benefit by being stronger together.”
About First National Trustee Company, Ltd: FNTC is a U.K.-based provider of trustee, title, escrow, foreclosure and finance services to the international timeshare industry. Its U.S. subsidiaries include FNTC America, Ltd. (FNTCA) and Vacation Ownership Title Agency, Inc. (VOTA). FNTC is a wholly owned subsidiary of IQ-EQ, a global investor services group with 4,750+ people in 25 jurisdictions and over $750 billion AUA. FNTC 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.
About PCS Holdings, LLC: PCS was established in 2004 to provide title, closing, escrow and related timeshare inventory services to ECR’s clients.
About Eck, Collins & Richardson, PL: Eck, Collins and Richardson is a timeshare foreclosure and closing firm with over 50 years’ experience serving the timeshare industry in real estate, timeshare, land trustee, escrow and collections. PCS and ECR have offices in Orlando, FL; Richmond, VA; Charleston, SC and San Antonio, TX.
