Cullum Capital Ventures has announced its latest acquisition, of Berkeley Alexander Ltd. Based in Lewes, Sussex, the business has a GWP of over £10m and specialises in the wholesale of general insurance products to the mortgage broker and IFA sectors through a base of 6,500 agents across the UK.

CCV Chief Executive Tim Johnson is delighted with the company’s latest acquisition “Berkeley Alexander is a long established business in its field. This moves CCV to over £160m of GWP and adds another string to our bow”.

Ted York, Managing Director of Berkeley Alexander, added, “The CCV philosophy fits well with the needs of both our customers and staff. The improved access to products and markets will enable us to continue the growth of the business”.

CCV’s Chairman, Peter Cullum welcomed CCV’s latest acquisition “We have admired Berkeley Alexander for a number of years and I am pleased to have added a well established business with an excellent track record to the family. Our strategy of acquiring and investing in good quality businesses continues at a pace and we have a number of further deals in our sights for the first quarter of 2008”.