Cullum Capital Ventures completes its tenth acquisition since forming in June last year...
Cullum Capital Ventures has completed its tenth acquisition since forming in June last year, with the announcement that it has aquired Milburn Insurance Services, Essex.
CCV chief executive Tim Johnson said: “Milburns is a long established business with an excellent track record. It has an experienced team of insurance professionals managing over £6m of gross written premium and is a great addition.”
Giles Ford, who will remain as managing director of Milburns, added “I considered a number of options before making a final decision, but CCV's ability to create a flexible deal structure was a key factor. Of equal importance, their strategy is to retain the current staff, premises and brand, all of which were important considerations.”
Peter Cullum, chairman of CCV, added “I always felt that CCV offered a unique and flexible vehicle for shareholders wishing to sell some or all of their stake. The fact that we have completed this many deals in a short period of time is testament to that – the business is off to a flying start.”
All of the Milburns staff will remain with the business and CCV's total GWP now tops £50m.
