We are very pleased to announce that Westlawn (which is 75% owned by COG) will be a major shareholder of Equity-One. The synergies between the respective financing, funds management, insurance and finance broking businesses are clear and pave the way for exciting growth for Equity-One and the services it provides to its clients. When we initially met the key people at COG and Westlawn, it was immediately apparent that our ideology and values were aligned. We look forward to working with our new team and building the respective businesses.
Westlawn has an impressive history of providing quality financial services, having originated in Regional NSW over 80 years ago. Its parent company, COG, has expansive interests in mortgage brokering and insurance brokering services and is proudly Australia’s largest asset finance group, representing over $5.1 Billion per annum of Net Asset Finance. The board of Equity-One is excited and honoured to join the stable of these successful and respected businesses. It is expected that the combined businesses will drive synergies across all platforms and this will enhance the level of products and services offered to its broad customer base.
The business will be as usual at Equity-One, with more exciting announcements to come.