The recently launched acquisition vehicle, CCV Limited, led by Tim Johnson, formerly Towergate's CEO, is scheduled to announce its first deal within the next week.
CCV is focused mainly on small to medium sized regional brokers and has a ‘war chest' approaching £100m through a combination of private shareholder funding and a partnership with the Bank of Scotland.
The company said it has a "number of potential acquisitions currently in play, all high quality brokers with a combined GWP in the region of £80m."
