Aggregator Pivotal Growth has expanded its portfolio with the acquisition of Barn Protection and Mortgage Services.
Barn is a brokerage specializing in new home loans, based in Northampton. He has been in business for 15 years.
Pivotal Growth was formed in April last year, as a joint venture between LSL Property Services and Pollen Street Capital to buy and build a national mortgage adviser.
It is its second purchase, having acquired Scottish mortgage broker Lifetime Finance Group in December 2021.
The group says it is currently in talks with “a significant number of other brokerages”, and further acquisition announcements are expected in the near future. It is understood he has a war chest of at least £200m to fund future purchases.
Pivotal Growth did not disclose the price it paid for Grange.
Simon Embley, Managing Director of Pivotal Growth, said: “We see the new construction sector playing an important role in our growth plans. He says the company was looking to further develop the Grange business as a result of this deal.
Grange’s Managing Director, Daniel Mumford, said: “We view this investment by Pivotal Growth as an important milestone for Grange, which will give us access to capital and technology that is becoming increasingly important to meet the needs of all the stakeholders we support in the dynamic new construction. and the resale sectors.