Mortgage dealer consolidator Pivotal Growth has purchased two corporations in England and Northern Ireland.
The group has purchased More Choice Financial, a Bedford-based mortgage and safety dealer based in 2007 by administrators Julie Myers and Gareth Tucker.
It says the acquisition can be built-in with current subsidiary Grange Mortgage and Protection Services, based mostly in Northampton.
But it provides that the brand new buy “will proceed working from its present premises”.
More Choice Financial director Myers says: “We’re excited to collaborate with Grange and reap the benefits of the in depth assets now obtainable to us.”
The group has additionally purchased McPolin Financial Services, established over 20 years in the past by John McPolin, in Banbridge, Northern Ireland.
This agency will change into a bolt-on acquisition to a different of the group’s subsidiaries, Select Mortgage & Financial Solutions, based mostly in Lisburn, Northern Ireland.
Pivotal provides that McPolin Financial Services “will even stay in its present location, with its current workforce in place”.
McPolin Financial Services managing director John McPolin says: “This partnership offers us the backing of a bigger group whereas permitting us to proceed serving our shoppers with the identical private strategy.”
Both corporations have been bought for undisclosed charges.
Pivotal Growth chief government Simon Embley (pictured) says: “These are two well-established, respected corporations with robust management. By aligning them with Grange and Select, we’re enhancing collaboration, increasing our attain, and persevering with to supply distinctive service to shoppers throughout the UK.”
Earlier this week, Pivotal Growth mentioned Mayank Prakash would take over from Embley as chief government of the group at first of subsequent month.
Prakash was not too long ago chief working officer at wealth supervisor Evelyn Partners and has held senior posts at Centrica, Morgan Stanley and Sage.
Emberly, who’s a founding shareholder of the enterprise, strikes to change into chairman.
Pivotal Growth is a three way partnership established by listed enterprise LSL Property Services and asset supervisor Pollen Street in 2021.
