Pivotal Growth has acquired mortgage and protection broker Morrison Ward Associates (MWA) for an undisclosed sum.
Operating out of London and targeting a mid-to-high net worth customer base, MWA was founded in 2006 by CEO John Morrison. MWA is Pivotal’s 12th acquisition as it seeks to expand the Pivotal Group and build on its existing mortgage and protection broker offering.
Simon Embley, CEO of Pivotal Growth, said: “I welcome MWA to the Pivotal family.
“MWA is a highly regarded mortgage and protection broker whose investment philosophy and strategic goals perfectly align with Pivotal’s.
“John Morrison also brings a wealth of experience to the wider Pivotal Group and so we are particularly looking forward to using his skills and expertise to enhance its capabilities.”
John Morrison, CEO of MWA, added: “MWA is delighted to join Pivotal Growth and very much look forward to working alongside other companies in the group; sharing ideas and practices to achieve growth, profitability, and diversity.
“I am certain that the next few years will be incredibly exciting for everyone involved and expect we’ll have more good news to celebrate in the future.”