Pivotal Growth has acquired London-based broker firm Radcliffe & Newlands Mortgages, marking its third acquisition of the year.
Radcliffe & Newlands was established in 2006 and is led by managing director Jason Ransted. The firm specialises in offering “tailored mortgage and protection insurance services” to employees of large corporate clients.
The firms can offer mortgage and protection advice as an employee benefit, and the broker has worked with over 100 businesses and is constantly adding to that number.
Pivotal Growth said Radcliffe & Newlands stated it can “build and nurture long-term relationships” with corporate firms, which consequently leads to referrals.
Pivotal Growth noted that the acquisition would add another specialism to its portfolio and enhance its market position.
Simon Embley, Pivotal Growth’s CEO, said: “We are excited to welcome Radcliffe & Newlands Mortgages into the Pivotal Growth family. Radcliffe & Newlands Mortgages’ unique model, which integrates mortgage and protection advice as a corporate benefit, is an exciting and innovative service offering.
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“This acquisition strengthens our market position and allows us to serve a sector that was previously untapped by the Pivotal group. We look forward to working with Radcliffe & Newlands Mortgages’ highly experienced team to grow and develop this new area of our business.”
Ransted added: “We’re thrilled to join forces with Pivotal Growth. Our team has worked hard to build strong relationships with our corporate partners, and this acquisition offers us the resources to expand even further.
“With Pivotal Growth’s support, we will continue to provide outstanding mortgage and protection services to employees across a growing number of corporate partners.”
Pivotal Growth has made 17 acquisitions since it was launched, with recent acquisitions including Business Protection Solutions and Watts Commercial Finance.
