ANSA McAL yes­ter­day an­nounced the com­ple­tion of the sale of Stan­dard Dis­trib­u­tors and its whol­ly owned sub­sidiary, Stan­dard Dis­tri­b­u­tion and Sales Bar­ba­dos, to Term Fi­nance Hold­ings. The trans­ac­tion for­mal­ly closed on De­cem­ber 31, 2025.

The di­vest­ment fol­lows ANSA McAL’s ear­li­er an­nounce­ment that it would ex­it the Stan­dard busi­ness as part of its on­go­ing strate­gic port­fo­lio op­ti­mi­sa­tion, while sup­port­ing Term Fi­nance’s re­gion­al growth strat­e­gy.

As a re­sult of the trans­ac­tion, Stan­dard’s re­tail op­er­a­tions have been closed.

Ex­ist­ing ser­vice oblig­a­tions and hire-pur­chase (HP) agree­ments are con­tin­u­ing seam­less­ly un­der the new own­er­ship.
ANSA McAL said cus­tomers with ex­ist­ing HP agree­ments can con­tin­ue to make pay­ments us­ing the same es­tab­lished chan­nels.

These in­clude in-per­son pay­ment lo­ca­tions, au­tho­rised bill pay­ment ser­vices, on­line bank­ing trans­fers and cred­it card pay­ments through the com­pa­ny’s web­site.

Prod­uct war­ranties and ser­vice com­mit­ments re­main in ef­fect, with up­dates and guid­ance be­ing pro­vid­ed through Stan­dard’s of­fi­cial dig­i­tal plat­forms.

Fur­ther in­for­ma­tion for cus­tomers is avail­able via Stan­dard’s web­site and its of­fi­cial so­cial me­dia pages, where up­dates on ser­vices and sup­port arrange­ments are be­ing shared as the tran­si­tion pro­gress­es.

Un­der Term Fi­nance’s own­er­ship, the Stan­dard brand is set to evolve in­to Stan­dard Cred­it, a ded­i­cat­ed con­sumer cred­it and e-com­merce plat­form.

The tran­si­tion is in­tend­ed to build Stan­dard’s long-stand­ing ex­pe­ri­ence in the hire-pur­chase mar­ket, while ex­pand­ing ac­cess to flex­i­ble cred­it so­lu­tions.

Term Fi­nance plans to de­liv­er these ser­vices through a com­bi­na­tion of strate­gi­cal­ly lo­cat­ed phys­i­cal branch­es and dig­i­tal chan­nels across Trinidad and To­ba­go, po­si­tion­ing Stan­dard Cred­it as a broad­er fi­nan­cial ser­vices of­fer­ing rather than a tra­di­tion­al re­tail op­er­a­tion.

Cus­tomers are ex­pect­ed to re­ceive on­go­ing up­dates through Stan­dard’s ex­ist­ing com­mu­ni­ca­tion chan­nels as the brand tran­si­tions to Stan­dard Cred­it and the new busi­ness mod­el is rolled out.