New acquisitions expand geographical market reach
Mortgage and protection aggregator Pivotal Growth has acquired Select Mortgages & Financial Solutions and, subject to regulatory approval, is also set to acquire Select Brokers.
Select Mortgages, based in Lisburn and boasting nearly two decades of operations, specialises in brokering mortgages and providing a range of protection policies, such as life cover, critical illness, income protection, and business assurance.
Meanwhile, Select Brokers, headquartered in Banbridge and established in 2016 as an extension of Select Mortgages, offers a portfolio of personal and commercial insurance products. These include landlord and property, home, motor, and business liability insurance.
The two businesses were founded by Northern Ireland entrepreneur Keith Hannath.
Pivotal Growth’s move to acquire the two Northern Ireland-based firms marks the 10th successful business acquisition for the company, acquiring mortgage and insurance brokers RSC New Homes and Group First last year.
“I am delighted to welcome Select Mortgages and Select Brokers into Pivotal Growth,” Simon Embley (pictured), chief executive at Pivotal Growth, said. “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, said they were proud and excited to be under the Pivotal Growth umbrella.
“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,” Hannath added.
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