Equiom has acquired Carey Group Monaco and DF Corporate Services. Equiom did not release financial terms but said the acquisitions would help bolster its yacht services business. The Isle of Man-based company offers administrative, trust and fiduciary services to families, individuals and corporations.

“Both acquisitions will make excellent additions to Equiom, allowing us to develop our current service offerings and expand our presence in Europe,” said Equiom CEO Sheila Dean in a statement. “The Carey Group provides Equiom entry into a key jurisdiction and allows us to leverage our market-leading yachting proposition.”

The company said seven workers from DF Corporate Services in Malta and 20 staff from Carey Group Monaco will join Equiom from its Monaco location. Both firms will rebrand in the coming weeks.