The Maxxia Group has issued a call to brokers to join its operations.
The business said it is looking for generalist asset finance brokers to join it either as broker agents operating under the Maxxia brand; as appointed representatives looking to grow their own brand business; or brokers that are planning retirement and are thinking of selling their business.
The Maxxia Group, the UK arm of the Australian listed McMillan Shakespeare Group, includes CLM Fleet Management, Anglo Scottish Asset Finance, Capex Finance, Eurodrive Motor Finance and Maxxia Finance.
Julian Humphreys, chief revenue officer at Maxxia, said: “We are looking for experienced asset finance people that will add further value to our business. With our breadth and depth of products, extensive panel of funders, compliance management and credit management resources, we are able to offer brokers the resources to grow their customer base and improve opportunities to increase their income.”
Humphreys said that the company was interested in talking to asset finance brokers who were running an established business but looking for help in expanding their funding options, generating additional revenues or managing their administrative burdens.
He said that Maxxia also wanted to talk to brokers who were running an established business but were planning for retirement and thinking in terms of succession planning and future income. Or they were currently working for an asset finance company but were interested in setting up their own business.
Humphries added: “If you fall into any of these categories then we’d love to talk to you. You could join the Maxxia Group as an agent, an appointed representative or you could introduce business to Maxxia for us to transact through selected relationships.”
He said that in certain circumstances, for example an established broker focused on a specific asset class but needing access to a broader range of funders, Maxxia would be able to provide access to its panel of 70 funders.
“And if you’re a respected, growing, medium-to-large sized brokerage, we might be able to refer the opportunity to our experienced mergers and acquisitions team to make an initial business assessment and provide you with the outline process for a potential acquisition,” he added.
A spokesman said that due to its rapid UK growth and targeted acquisitions it had become one of the country’s largest and fastest-growing broker businesses, with the number of employees within the Group more than doubled in the last three years. The value of its transactions increased by 14 times over the same period.