Group expands in South West with Bristol buy
Cullum Capital Ventures has acquired Bristol-based broker HLI (UK).
HLI has a GWP of over £7m and has a particular specialism in the professional indemnity sector.
CCV chief executive Tim Johnson said “HLI is a long established business in its field. This moves CCV to over £210m of GWP and adds another area of expertise to the Group."
Phil Hawkesby, managing director of HLI, added: “The CCV philosophy fits well with the needs of both our customers and staff. The improved access to products and markets will enable us to continue the growth of the business”.
CCV chairman Peter Cullum said: “I have known the team at HLI for a number of years and worked with them whilst I was at London Edinburgh.
"I am pleased to have added a well established business with an excellent track record to the family.
"Our strategy of acquiring and investing in good quality businesses continues at a pace and we have a number of further deals in our sights for the first half of 2008”.
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