Mon, 03 Oct 2016 | BUSINESS SALE
Yorkshire based letting agency Linley & Simpson has acquired two of its competitors, York-based Minster Property and East Leeds agency, Heritage.
The agencies, which were purchased for an undisclosed sum, take the number of acquisitions made by Linley & Simpson to six.
In 2015, Linley & Simpson secured £1.8 million through Santander’s Breakthrough Programme. Using these funds, the agency has since completed four acquisitions as part of its strategy to double its size over the next three years. In January 2016, it acquired the rental portfolio of independent estate agency, HERE. In April, it bought the York Property Company for an undisclosed sum, before the latest double acquisition.
The latest deal will see all of Minster’s managed properties taken over by Linley & Simpson’s flagship Micklegate branch. Will Linley, Linley & Simpson director, said of the acquisition: “Minster Property is a well-known name and respected brand in the thriving York lettings market and we are delighted to acquire their portfolio of properties.
“This acquisition is a natural progression for us and is a fitting way of marking our very own 10th anniversary of helping people move here in York and its surrounding villages."
The portfolio of Heritage properties will be split among Linley & Simpson’s four offices in Leeds in addition to its branch in Wakefield. “These extra homes we inherit will help us keep pace with an ever-increasing demand for properties to both rent and buy and inject more choice into the marketplace for tenants and buyers alike,” Linley stated.
Since setting up in 1997, Linley & Simpson has helped over 100,000 people move into approximately 40,000 homes.
For the latest estate agents for sale please see here
Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.
Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.
For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
|
15
|
|
Jan
|
Hawk Plant enters administration | ADMINISTRATION
The Shropshire company, that has previously undertaken landm...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Nov
|
Estate agency completes acquisition | BUSINESS SALE
Linley & Simpson, the estate agency funded by private equity...
|
06
|
|
Jul
|
Scottish Highlands leisure business for sale | BUSINESS SALE
A leisure business in the Scottish Highlands is for sale as ...
|
15
|
|
Oct
|
Yorkshire residential agency's expansion programme continues | MERGER
Linley & Simpson has purchased rival residential agency Move...
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