Pivotal Growth has acquired mortgage and protection advice firm Embrace Financial Services from LSL Property Services for a consideration of up to £10 million.
Embrace provides mortgage and protection advice to estate agency introduced customers, including LSL's franchised and owned estate agency branches. The protection advice offered includes life and critical illness cover, income protection and family income benefit. The initial proceeds of the sale will be used to support LSL's growth plans and to further "simplify" the group. By offloading the business, LSL will instead focus on its financial services activity on business-to-business services through its PRIMIS network. Additionally, the acquisition will "significantly" increase the...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
