Cullum Capital Ventures has purchased a Birmingham-based broker, Richard V Wallis.
This represents CCV's second purchase, following the acquisition of Ware-based broker Moffatt Saunders in June.
Tim Johnson, chief executive of CCV, said: “We have set ourselves some ambitious targets but we are determined to acquire only well established, high quality businesses as we grow. R V Wallis fits that bill perfectly and we are delighted to welcome the team into the family.”
Carl Hetherington, managing director of R V Wallis commented: “We considered approaches from a number of interested parties, but ultimately the CCV offering hit the mark in all the critical areas. Providing certainty for our clients and staff, maintaining our identity in the local area and opening up access to a wide range of new products were the main ingredients which saw us choose this route.”
CCV's chairman, Peter Cullum, added: “Carl and his fellow directors have built a well respected business which enjoys great relationships with its clients and represents a real asset for CCV. I am confident that we can help the team strengthen the company still further in the future.”
