Pivotal Growth has completed the acquisition of CLS Money and entered into a further agreement to acquire Simply Lending Solutions.

CLS Money and Simply Lending are specialist mortgage advisory firms, known for expertise in complex and adverse credit cases.

Together CLS Money and Simply Lending bring more than a decade of specialist experience, strong lender relationships, and a proven track record of organic growth.

Collectively, the firms generate more than £10 million in annual revenue and now operate with a combined team of over 100 colleagues.

The acquisition is subject to customary closing conditions.

Pivotal group chief executive Mayank Prakash says: “CLS Money and Simply Lending are two of the UK’s most respected adverse credit mortgage advisers.”

“Their expertise, strong leadership teams and entrepreneurial cultures align closely with our strategy. We look forward to supporting both businesses as they continue to grow, and we are proud to welcome Adam, Clayton and their teams to the Pivotal family.”

CLS Money managing director Clayton Shipton states: “Joining Pivotal gives us the platform, technology and support to build on that foundation and accelerate our growth, while staying true to our values and the way we work.”

Meanwhile, Simply Lending chief executive Adam Hinder adds: “Simply Lending and Pivotal already have a successful commercial partnership, and we are delighted to join the Group as we accelerate Simply Lending’s next phase of growth. Pivotal is the right home for our clients and colleagues, as we share the same values and a truly customer-obsessed mindset.”