Consolidator chief reveals acquisition goal.
CCV has set itself the ambitious goal of reaching £500m GWP by 2010.
Chief executive Tim Johnson revealed the goal as the company made its 31st acquisition since its launch in 2006.
Last week, CCV announced that it had bought Walsall-based broker Cox Lee & Co.— with a GWP of more than £7m.
Johnson said the company had several more deals in the pipeline which would add a total of £70m GWP to the business.
“I would like to see CCV become as big as possible,” he said.
The company is set to achieve its initial goal of £350m GWP within three years. It currently has around £230m GWP and Johnson said that would grow to £300m by the end of 2008.
Johnson said CCV has been making larger deals than intended when it launched.
So far this year, the consolidator has made several substantial acquisitions including Welsh broking group ProtectaGroup, and Lockton’s retail estate business with premium income of £40m and £33m respectively.
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