Pivotal Growth has acquired London-based residential mortgage and protection broker Radcliffe & Newlands Mortgages.
Radcliffe & Newlands Mortgages was founded in 2006 and is led by managing director Jason Ransted.
The company offers tailored mortgage and protection insurance services to employees of large corporate clients.
The business model allows corporate partners to offer mortgage and protection advice as an employee benefit and currently collaborates with more than 100 businesses.
Pivotal Growth chief executive officer Simon Embley says: “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.”
“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 adds: “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.”
Last week, Pivotal announced the acquisition of Northern Ireland based business insurance protection broker Business Protection Solutions (BPS).
BPS provides products including shareholder protection insurance, key person insurance, relevant life plans and medical insurance.
