According to Pivotal, the acquisition has proved to be one of its largest investments since its inception in 2021.
Watts managing director, Phil Gray, now joins the Pivotal Growth team.
This latest expansion from Pivotal follows its purchase of broker John Charcoal in April 2024.
Commenting on the acquisition, Simon Embley, CEO at Pivotal Growth commented: “We are incredibly excited to welcome Phil Gray, who is an outstanding business leader in the commercial broking space.
- B&C Awards 2024: The Video
- Pivotal acquires John Charcol
- Watts appoints commercial manager to lead expansion in Leeds
“He has built a phenomenal business in Watts Commercial Finance, and we are thrilled that we are the chosen partner to support the business as it seeks to continue its very impressive growth journey.
“I very much look forward to welcoming the staff into the Pivotal family.”
Phil Gray, added: “We are delighted to partner with the Pivotal Group for the next exciting chapter in Watts Commercial Finance’s history.
“As managing director, I’m determined to continue the growth of the business which I started 18 years ago, but now with the strength and power of the Pivotal Group alongside us.
“As we approach our third decade of trading, the partnership will allow us to continue to grow from strength to strength.”
Leave a comment