Pivotal Growth has bought Watts Commercial Finance for an undisclosed fee.
The Nantwich-based broker specialises in commercial mortgages, bridging finance, commercial buy-to-let and other specialist areas such as property development, company acquisition finance, invoice finance and unsecured business loans.
It was founded in 2006 by managing director Phil Gray and director Andrew Watts.
Property investment firm Pivotal Growth is a joint venture between listed business LSL Property Services and asset manager Pollen Street set up in 2021.
The investment firm says Watts Commercial Finance is one of the largest of over a dozen acquisitions it has made over the last four years.
The buyout firm has grown to revenues of over £70m with more than 800 staff.
Pivotal Growth chief executive Simon Embley says: “We are incredibly excited to welcome Phil Gray, who is an outstanding business leader in the commercial broking space.
“He has built a phenomenal business in Watts Commercial Finance, and we are thrilled that we are the chosen partner to support the business as it seeks to continue its very impressive growth journey.”
