Mon, 13 May 2024 | BUSINESS SALE
Pattinson Estate Agency, a property firm based in Wallsend, has expanded with the acquisition of County Durham-based NS Bennett Estate Agency. The deal is the third acquisition that Pattinson has completed in the past six months, following deals for Ryedales Estate Agency in Cramlington, and Browns in Stockton and Norton.
NS Bennett is a local family-owned business that has operated for more than 50 years, serving Durham, Chester-le-Street, Consett and Stanley. The company has been sold after owner Stephen Bennett announced his retirement.
The firm’s office becomes Pattinson’s 28th location in the North East, with most of NS Bennett’s staff transferring to the buyer. Stephen Bennett will also assist in a transition period prior to retiring.
Pattinson Group Managing Director Justin Beckwith said: “This is another great addition for us as a company as a whole, as well as for our sales, lettings and commercial departments.”
“We have 27 branches spanning across the North East, and this 28th Pattinson branch gives us a presence in Stanley central. I would like to welcome the team from NS Bennetts, and founder and owner Stephen Bennett is assisting with the transition before enjoying his retirement.”
Chairman and founder of Pattinson Estate Agency, Keith Pattinson, said: “Whilst we are sad to see the end of an era with Stephen Bennett’s retirement, we are more than happy to ensure that this is a smooth transition for their clients. Everything is largely remaining the same for their clients, except for a name change to Pattinson Estate Agency.”
“For us as a business, the NS Bennett’s sales and lettings team joining us is a perfect fit. Having got to know the team we are confident that they have a similar client focused approach to selling, renting and managing properties as we do.”
Read more about M&A in the UK estate agency market
Automotive call out services including breakdown recovery and removal for cars vans, and light commercial vehicles. Operates on behalf of major breakdown providers insurance agents dealerships & garages for roadside assistance throughout the Midlands...
An opportunity to acquire an Installer of plumbing and heating systems to new-build housing developments as well as single domestic properties.
Specialist Reinstatement Services Provider offering Backfill Operations to the Power Gas and Water Utilities and Construction sectors in East Anglia London and South-East England. The company is a Tier 1 Contractor for UK Power Networks and Cadent Ga...
02
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
01
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
01
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
Business Sale Report is the complete resource for finding genuine 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.