Yellow Brick Road will proceed with the acquisition of mortgage aggregator Vow Financial Holdings, after receiving acceptances from all 24 of the company's shareholders. The consideration, in cash and scrip, values Vow at A$17.6 million.Vow provides services to more than 700 mortgage brokers and administers a portfolio worth about $18 billion. The acquisition will provide YBR with a new national distribution channel.Vow shareholders were given the option of accepting cash or  scrip or a mixture of both. YBR will meet 36.9 per cent of the acquisition cost by issuing 9.3 million shares to Vow shareholders and pay the balance of $11.1 million in cash.Macquarie Group, a 19.7 per cent shareholder in Vow, has opted to take scrip. Macquarie is also a 14.8 per cent shareholder in YBR. A spokesperson said the deal would increase Macquarie's shareholding in YBR "only slightly".YBR said in a statement to the Australian Securities Exchange yesterday that Vow would operate as a separate division within the YBR group and that its current chief executive, Tim Brown, would continue to run the business.YBR will hold a general meeting in July to consider a number of resolutions relating to the deal. The Vow acquisition forms part of an ambitious expansion strategy outlined by YBR at an investor briefing in March. It said it was involved in discussions with three acquisition targets - a consumer product rating and lead generation group (a comparison site), a mortgage aggregator and a mortgage manager.