Pivotal Growth Limited has announced the acquisition of John Charcol Group Limited, a move that has received the green light from the FCA.
John Charcol, established in 1974 and a distinguished name in the mortgage and protection brokerage sector, has offices in both London and Southampton.
Since being acquired by Palatine Private Equity LLP in 2015 and engaging Waypoint Change Limited in 2019, John Charcol has expanded its advisory team and implemented technological initiatives to enhance client service.
This acquisition, the eleventh for Pivotal Growth since 2021, adds to their recent expansions and boosts the group’s annual revenues to around £63m, increasing the team to more than 410 advisers and 615 staff.
Simon Embley, CEO of Pivotal Growth, said: “I am absolutely delighted to welcome such an iconic brand to Pivotal Growth… Palatine and Waypoint have done an excellent job in transforming the business… Through further investment, our plan is to grow the adviser base and diversify and develop the product offering, which we see as a significant area for growth.”
Chris Wallis, managing director/CEO of John Charcol, added: “This transaction is great news for John Charcol. I look forward to working with Simon and the Pivotal Growth team to build on the growth we have seen in recent times.”
