The finance arm of LSL Property Services - known as Pivotal Growth - has snapped up a specialist mortgage and insurance brokerage.
Pivotal Growth was established in April 2021 as a joint venture between LSL Property and Pollen Street Capital, to build a leading national mortgage service.
It is planned that at least £200m will be made available to fund acquisitions.
This morning it has been announced that one such acquisition is Grange Mortgage and Protection Services Limited.
The acquisition of Grange follows Pivotal Growth’s announcement of its first acquisition in early December 2021, and the group is currently in discussions on what it calls “a significant number of other potential opportunities, with several in due diligence and expected to complete in the near future.”
Simon Embley, Chief Executive Officer of Pivotal Growth, says: “I am pleased to confirm that Pivotal Growth has successfully concluded the acquisition of Grange Mortgage and Protection Services. We see the new build sector playing an important role in our growth plans and we are particularly excited to be able to work with [the] team to develop the business further.”