CCV acquires Brian Potter & Associates of Tamworth
Cullum Capital Ventures (CCV) has expanded in the West Midlands with the acquisition of Brian Potter & Associates, based in Tamworth.
The purchase is CCV’s 36th in two-and-a-half years and will add over £2 million to the group’s gross written premium, taking the total to around £240 million.
CCV focuses on investing in established regional brokers that provide a wide range of insurance products and chief executive, Tim Johnson, sees Brian Potter & Associates as a springboard for future acquisitions in the local area.
The company’s executive chairman, Peter Cullum, explains: “Brain Potter & Associates fits the profile of businesses we look to acquire – a well established, quality business, with a strong management and staff”.
Mr Cullum is confident that the economic downturn will not impede CCV’s ambitious expansion plans, stating “we have a number of deals already undergoing due diligence or in our sights over the coming months … CCV is well placed to continue its growth based on a profitable business model coupled with access to acquisition funding.”
The group was established in 2006 and has grown to take its place among the UK’s top five independent brokers, currently employing over 650 staff.
Category: Companies News, Insurance News
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