Pivotal Growth has acquired London-based residential mortgage and protection broker Radcliffe & Newlands Mortgages for an undisclosed sum.
Founded in 2006 and led by managing director Jason Ransted, Radcliffe & Newlands Mortgages, offers tailored mortgage and protection insurance services to employees of large corporate clients.
Its business model allows corporate partners to offer mortgage and protection advice as an employee benefit and has already led to collaboration with more than 100 businesses.
Its ability to build and nurture long-term relationships with corporate HR teams – and in turn attract referrals from clients – supports this growth.
Pivotal said the acquisition adds another specialism to its expanding mortgage and protection portfolio offerings and further enhances its position in the market.
Simon Embley, CEO of Pivotal Growth, said: “We are excited to welcome Radcliffe & Newlands Mortgages into the Pivotal Growth family. Radcliffe & Newlands Mortgages’ unique model, which integrates mortgage and protection advice as a corporate benefit, is an exciting and innovative service offering.
“This acquisition strengthens our market position and allows us to serve a sector that was previously untapped by the Pivotal group.
“We look forward to working with Radcliffe & Newlands Mortgages’ highly experienced team to grow and develop this new area of our business.”
Jason Ransted, managing director of Radcliffe & Newlands Mortgages, added: “We’re thrilled to join forces with Pivotal Growth.
“Our team has worked hard to build strong relationships with our corporate partners, and this acquisition offers us the resources to expand even further.
“With Pivotal Growth’s support, we will continue to provide outstanding mortgage and protection services to employees across a growing number of corporate partners.”
