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
Well-established company operating for over 30 years. Sells a wide variety of accessories used in the care of reptiles and exotic animals. Sells products on e-commerce platforms such as Amazon and eBay. Offers invited.
LEASEHOLD
A market-leading designer and manufacturer of chiller units for UK supermarkets of all sizes. A long-established business, this company offers UK supermarkets a unique single-source solution for all their chilled display needs. A multi-accredited bus...
Providing designs that are practical but creative and often innovative, to meet the specific needs of its clients. Supporting sustainable construction methods and experienced in eco-friendly structures such as PassivHaus. Offers invited.
LEASEHOLD
|
19
|
|
Nov
|
UK government set to approve Cobham takeover | BUSINESS SALE
The British government is poised to approve the $5 billion t...
|
18
|
|
Nov
|
Kitwave acquires Alpine Fine Foods | BUSINESS SALE
Independent wholesaler Kitwave has acquired Alpine Fine Food...
|
15
|
|
Nov
|
Carpetright agrees to shareholder takeover deal | BUSINESS SALE
Carpetright has agreed a deal to be taken over by its larges...
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