Company buys two more brokers
Cullum Capital Ventures (CCV) has announced two further acquisitions, following the recent purchases of Protectagroup and HLI.
The consolidator has bought £5m GWP Four Counties Insurance Brokers, based in St Neots and St Ives, Cambridgeshire. It specialises in commercial and personal lines and schemes business. The company has also acquired Insurancemeans, a £1.6m GWP commercial lines business based in Hertfordshire.
The company is also set to conclude another deal that would take its premium control to £220m, up from £93m at the beginning of the year.
CCV chief executive Tim Johnson said he was delighted with CCV's latest acquisition. He said: "Four Counties is an innovative business with some very interesting schemes. This moves CCV to £215m of GWP and adds another area of expertise to the group."
David Parish, director of Four Counties, added: "The CCV philosophy fits well with the needs of both our customers and staff. The improved access to products and markets will enable us to continue the growth of the business."
Peter Cullum, CCV’s executive chairman, added: “CCV’s access to funding in a difficult market place is allowing us to maintain our strong rate of growth. We continue to provide an excellent home for independently minded owners who wish to take their businesses to the next level”.
