Sat, 24 Nov 2018 | BUSINESS SALE
Linley & Simpson, the estate agency funded by private equity firm LDC, has successfully completed an acquisition of five Dale Eddison offices in West Yorkshire, taking over the residential sale and letting side of the business.
The acquisition, which was completed for an undisclosed sum, encompasses the five offices in Ilkley, Otley, Guiseley, Silsden and Skipton. They will continue to trade under the Dale Eddison brand name, and the original 43 members of staff will continue to stay with the business.
Directors Bill Dale, William Eddison and Gary Shankland are amongst those who will remain with the company.
Chief executive of Linley & Simpson, Will Linley, said: "This is a transformational deal that is a great fit for us strategically and geographically. This synergy gives us the platform to add an extra dimension to the service we already offer our customers in Ilkley, as well as taking us onto the High Street of neighbouring areas for the first time.
"We can now take advantage of more than four decades of collective estate agency expertise to drive customer service improvements and lead industry innovation across the area – one that is growing in popularity as a place to live.”
This particular acquisition is the eighth of its kind since the beginning of this year, and the fourth since Linley & Simpson received financial support from private equity firm LDC in June 2018.
Investment director at LDC for Yorkshire & North East, Gareth Marshall, commented: "This latest acquisition rounds off a stellar six months for Linley & Simpson. It's been fantastic to see Will and Nick's buy-and-build strategy take off since our partnership began in June this year. The business is quickly increasing its footprint in Yorkshire and firmly cementing its position as a leading agent in the region."
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