Acquires Alker Brothers
Cullum Capital Ventures has acquired Wigan–based Alker Brothers.
CCV chief executive Tim Johnson said: “Alkers has an excellent trading history and a particular speciality in the marine marketplace. With a GWP of £4.5m, this moves CCV close to £75m and strengthens our presence in the North West.”
Alex Yule, managing director of Alkers said: “The CCV philosophy fits perfectly with the needs of both our customers and staff. The improved access to products and markets will enable us to grow both our marine niche as well as our traditional customer base.”
CCV’s Chairman, Peter Cullum confirmed CCV’s belief that regional brokers wouldl continue to grow and prosper. “By investing in good quality regional firms, CCV is helping to build really successful businesses for the long-term benefit of customers and staff. Alkers is an excellent addition to the family and with our involvement we are confident that the company will continue its progress.”