Mon, 09 Oct 2023 | BUSINESS SALE
Bristol Property Centre, an estate agency based in Redland in Bristol, has completed its first acquisition after securing funding from Mercia Asset Management’s SME Loans fund. The company has acquired Temple Homes Property in the nearby area of Montpelier and is now targeting further M&A opportunities.
The acquisition will almost double the size of Bristol Property Centre’s managed property portfolio, with the combined businesses now managing approximately 350 properties for 170 landlords. Temple Homes’ employees have also joined Bristol Property Centre, bringing its staff headcount to 11.
Bristol Property Centre, which was founded by Ashley Day in 2011, is now seeking further acquisition opportunities within the Bristol area, as it looks to build its profile in the city. Temple Homes founder Stephen Mueller, who established the firm in 2014, will exit the business following the acquisition.
Ashley Day said that Temple Homes was “an established business with the same core values and principles as our own.” Day continued that the company was now in the process of integrating Temple Homes’ staff into the business.
He added: "This acquisition, along with strong organic growth, means Bristol Property Centre is now managing over 350 properties across Bristol and we are actively seeking further opportunities.’’
Mercia Asset Management Investment Manager – SME Loans Andy Heaton commented: “Ashley is an ambitious entrepreneur who has built Bristol Property Centre from a start-up to become a thriving high street agent.”
“We believe he has the potential to transform the business from a small independent to become a key player in the Bristol market and are pleased to support him as he embarks on the acquisition trail.”
Find out how alternative forms of acquisition finance could prove vital to companies targeting M&A activity
This is a thriving, well established high-street solicitor’s practice, located in a young up-and-coming South West London borough. The practice is located on a prosperous high street, a stone throw away from bars, restaurants and local amenities. The...
This practice is situated virtually in the centre of this market town which has a population of around 17,500 and is on the main line rail network which connects through Plymouth, Exeter, Taunton and Bristol to Reading and London. This is a practice...
The Practice was established by the two present Partners in 1983. The Partners wish to retire although they are prepared to discuss individually proposals to continue working for an agreed time after disposal to assist with the transfer of the goodwi...
10
|
May
|
North Yorkshire coaching inn on the market for £1.2m | COMMERCIAL PROPERTY
The General Tarleton Hotel and Restaurant, an 18th century c...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
09
|
May
|
Landsec sells hotel portfolio for £400m | COMMERCIAL PROPERTY
Landsec has sold its entire hotel portfolio, comprising 21 a...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.