CCV acquires £2m GWP broker

Cullum Capital Ventures has acquired Tamworth-based broker Brian Potter & Associates.

The broker controls gross written premium in excess of £2m and moves CCV's total GWP to around £240m. It is its 36th acquisition in two and a half years.

CCV chief executive Tim Johnson said: “Brian Potter & Associates is an established and respected local business. We see this as springboard for future acquisitions in the local area. We will be working hard with the management team to identify those opportunities as well as supporting them with their own expansion plans.”

Stuart Potter, managing director of Brian Potter, added: “The CCV philosophy fits well with the needs of both our customers and staff. We considered a number of options for our business and felt that CCV was ideal for all parties and equally importantly the ongoing development of the company.”

CCV’s executive chairman, Peter Cullum, welcomed CCV’s latest acquisition. He said: “Brain Potter & Associates fits the profile of businesses we look to acquire – a well established, quality business, with a strong management and staff.

"Our strategy of acquiring and investing in good quality regional brokers continues at a pace and we have a number of deals already undergoing due diligence or in our sights over the coming months. In spite of the uncertainties in the broader economic environment, CCV is well placed to continue its growth based on a profitable business model coupled with access to acquisition funding.”