Pivotal Growth has bought mortgage and protection broker Charleston for an undisclosed sum.
Based in Milton Keynes, Charleston specialises in the commercial, bridging, buy-to-let and HMO sectors.
Charleston was founded in 2009 by managing director James Hardwick and has shown a strong track record of growth in specialist markets, according to Pivotal Growth.
Pivotal Growth is a joint venture between LSL Property Services, the parent company of mortgage network Primis, and private equity firm Pollen Street Capital.
The deal is the fifth acquisition made by Pivotal Growth this year as it looks to expand and build on its existing mortgage and protection broker offering.
Simon Embley, chief executive of Pivotal Growth, said: “Charleston has successfully tapped into specialist markets and grew to be an industry-leading specialist broker. I am looking forward to working with James to accelerate the growth journey of Charleston.”
Hardwick added: “We are excited to join the Pivotal Growth journey and look forward to achieving accelerated growth in this new partnership. We are delighted by the opportunity to join Simon and his team to grow the Charleston business and add value to the Pivotal Group.”
Earlier this month (July 11) Pivotal Growth purchased mortgage and protection broker Morrison Ward Associates for an undisclosed sum.
MWA operates out of London and has a core client base of mid-to-high net worth.
alina.khan@ft.com
