Insurance intermediary group CVV have completed their first two acquisitions of 2012.
In the deals Lyon Insurance Services, a specialist insurance provider for guest houses, holiday homes, and bed and breakfasts in Anglesey, will be incorporated into Alker Brothers in Wigan.
In the other acquisition, RV Wallis took on the services of Crown Insurance Brokers. Ray Whitehouse, former owner of Crown, will stay with the business as a consultant to ensure a successful integration of his staff and clients before his retirement.
Graham Barr, Chief Operating Officer of CVV, commented, “These are well established brokers and both businesses have a strong book and great potential. Brokers of all shapes and sizes come to CCV because we have the flexibility to offer them a deal to suit their individual circumstances. No business is too big or too small.
“We are delighted to have found solutions and a deal structure that works very well for all concerned and we are confident that both businesses will thrive under CCV’s ownership.”
He added, “Lyon Insurance Services and Crown Insurance Brokers represent the first additions to our group in 2012. We have an extremely healthy pipeline and already have further acquisitions close to completion.”