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Independent insurance intermediary Cullum
Capital Ventures (CCV) announces today the acquisition of
Hertfordshire based brokers Humbergrove Ltd and Humbergrove UK.
Run by brothers Kevin and Alan Oxley,
Humbergrove and Humbergrove UK are located in Hemel Hempstead and
Harpenden respectively. The businesses will be folded into
CCV’s recently acquired broker Just Insurance which is led by Rob
Simpson and based in Hemel Hempstead. All staff will be
retained as part of the deal.
CCV chief executive, Michael Rea commented:
“Kevin and Alan Oxley are experienced brokers with well run,
established enterprises. After a collaborative process, we’re
delighted to have constructed a deal with them which fits their
vision for their respective businesses.”
Kevin Oxley added: “My brother and I are very
pleased to have come to this arrangement with CCV. We have
both put our hearts and souls (and our backs!) into our businesses
over the years, and we were keen to sell to an organisation which
will be able to serve our clients well with first hand knowledge of
the local area. We know Rob Simpson well. He joined the
CCV Group in 2008 as the vendor of Insurancemeans and now heads up
Just Insurance which we’re going to be part of! So it is a
ringing endorsement that this move is the right step for us
too.”
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