The mortgage broker firm was owned and managed by The Hogarth Property Group and acquired by the Leaders Romans Group in 2021. It has been operating independently during this time, while a partner or buyer was being sought.
The deal will see Coreco take on Paul Alexander’s clients and back book.
Paul Connolly, chief executive of The Hogarth Property Group said he was delighted to have secured an ongoing business arrangement.
He added: “This outcome is a win for the clients and customers of Paul Alexander who will now be looked after and have access to the exceptional services and products provided by Coreco, a win for The Hogarth Property Group as it now enables us to concentrate 100 per cent on our core investment, development and construction businesses and a win for Coreco who will be able to service and deliver to the well-established Paul Alexander database.”
Coreco: “Building on what has been achieved”
Andrew Montlake (pictured), managing director of Coreco, added “This is an excellent opportunity that enables us to bring the Paul Alexander business under our wing. The approach taken by Paul Alexander over the years is closely aligned with our own values and the additional scale and resources of the Coreco Group will build on what has already been achieved.
“This strategy of securing the clients and back books of brokerages who will not be continuing their business for a multitude of reasons, is something that we believe will be an interesting option for many business owners looking for an exit.”
