CCV diversifies
Cullum Capital Ventures has followed in Towergate’s diversification path with the acquisition of a majority stake in Managing Agents Reference Assistance Services Limited (“MARAS”) a leading provider of tenant referencing services for letting agents.
The business also has its own portfolio of clients to whom it offers traditional insurance broking services.
CCV chief executive Tim Johnson commented: “Through our completed acquisitions CCV has built a strong portfolio of clients in the property owners’ field, and it is an area we expect to grow further.
"The opportunity to invest in MARAS could not be passed up as it reinforces our commitment to this market and expands the range of products we are able to offer our clients.”
Graham Sandley
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