Completed sale
Cutronas Financial Services
“This was a very quick deal for an award-winning insurance broker with its own in-house telesales team, with the buyer found and the transaction completed in just over five months.”
Speaking of Wigan-based Cutronas Financial Services, these were the words of Operations Manager Leanne Boulding, who led the sale.
Operating since 2012, the business is a credit insurance brokerage firm offering products from a range of leading UK insurance providers. It specialises in areas including life insurance, income protection, mortgage insurance and sports insurance.
The company has built a strong reputation within the market, supported by thousands of active customers and very strong online reviews. It also benefits from agreements with multiple call centres across the UK, generating a consistent flow of high-quality leads.
Owner Salvo Cutrona took the decision to sell to support further growth, with a view to stepping back and retiring in the near future. The Knightsbridge team held twelve viewings, ultimately securing a successful outcome.
The business was acquired by London-based TechGeek UK, established in 2015, a global provider of end-to-end information security services, robust solutions and technology products to clients across a range of industries.
The owners acquired Cutronas as a long-term investment, recognising the strength of the business and its future potential.
Leanne concluded:
“A great deal which sees Salvo remain in the business for a period, with the opportunity to benefit from an earn-out structure. We wish all parties the very best for the future.”