Pivotal Growth has acquired mortgage and protection specialist Select Mortgages & Financial Solutions Ltd for an undisclosed sum.
The deal coincides with an agreement to acquire Select Brokers Ltd. This deal is subject to regulatory approval.
The two businesses are based in Northern Ireland and were founded by entrepreneur, Keith Hannath.
Select Mortgages, based in Lisburn, is almost 20 years old and brokers mortgages and protection policies including life cover, critical illness, income protection and business assurance.
Select Brokers, based in Banbridge, was formed by the directors of Select Mortgages in 2016 to complement the Select Mortgages offering. It supplies personal and commercial insurance products, including landlord and property, home, motor and business liability insurance.
These latest acquisitions by Pivotal Growth bring the total number of businesses it has acquired to 10 and expands the capability of its business and the geographical reach to Northern Ireland.
Simon Embley, CEO of Pivotal Growth, said: “I am delighted to welcome Select Mortgages and Select Brokers into Pivotal Growth.
“Keith has done a fantastic job growing both businesses and, as a result, has ensured strong customer loyalty to the brands and high client retention rates.
“I am looking forward to working with Keith and the management team to further grow our footprint in Northern Ireland.”
Keith Hannath, managing director of Select Mortgages and Select Brokers, added: “We are extremely proud and excited to be a part of the Pivotal Growth stable.
“We are looking forward to working with Simon and his team to grow the businesses in Northern Ireland and integrate best practices from other firms in the Pivotal Group.”
