Pivotal Growth has acquired Xact Mortgages to enhance its Midlands presence and strengthen its UK mortgage network while allowing Xact to retain its local identity.

Target Information

Pivotal Growth has acquired Xact Mortgages Ltd, a reputable brokerage located in Solihull, in order to enhance its presence in the UK mortgage market. This acquisition not only strengthens Pivotal Growth's regional network across the Midlands, but also allows Xact Mortgages to maintain its local identity while benefiting from centralized operational support.

Xact Mortgages specializes in providing tailored mortgage services, focusing on both residential and buy-to-let options. By integrating with Pivotal Growth’s expanding platform, Xact Mortgages will be better equipped to serve a larger client base and meet diverse mortgage needs.

Industry Overview in the UK

The mortgage intermediary sector in the UK has been experiencing significant consolidation, driven by a variety of factors including evolving customer demands and competition. As finan