Complectus continues acquisition spree with Covenant Trustee

Wed, 18 Feb 2015

By Paul McBeth Feb. 18 (BusinessDesk) - Complectus, which owns trustee firm Perpetual Guardian, has signed a heads of agreement with Covenant Trustee Services as it continues its purchasing spree of supervisor services firms that began with the acquisition of Perpetual Trust in 2013. A sale process is expected to conclude later this year, which will expand Complectus's offering in the fiduciary services sector, and give the firm about 55 percent of the country's retirement village supervision, the company said in a statement. If it goes a...

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