Tue, 09 Jul 2024 | BUSINESS SALE
Lomond has expanded further in the Midlands with the acquisition of Acquire Sales and Lettings. The acquisition of the firm, which operates across Derby, Burton on Trent and Chesterfield, adds around 700 properties under management to Lomond’s John Shepherd brand.
The acquisition continues a streak of M&A deals by Lomond under the John Shepherd brand. In January 2024, the brand acquired the rental portfolio of Centrick in Nottingham, Birmingham and Solihull, this was followed by a deal for Nottingham-based agent Tassi Sales and Lettings.
Last month, Lomond completed its 55th acquisition in the space of three years, with a deal for the lettings business of Birmingham-based Xact Group. This acquisition took John Shepherd’s book of properties under management up to around 8,000.
Following the most recent acquisition, Acquire Sales and Lettings will operate under the John Shepherd brand, led by Chief Executive Richard Crathorne. Crathorne said that the East Midlands had been “a key area of focus” in the growth of the John Shepherd brand.
He continued: "We’ve been on quite the journey and, with the string of significant acquisitions made of late, it’s fair to say that we’re only just getting started.”
"We're extremely excited to welcome the team at Acquire Sales and Lettings to the John Shepherd brand and the wider Lomond family and we look forward to further establishing the brand amongst buyers, sellers, landlords and tenants across the East Midlands.”
Ed Phillips, Chief Executive of Lomond, added: "Our latest acquisition of Acquire Properties sees us procure yet another top quality business within the East Midlands area and this will only help fuel the momentum that our John Shepherd brand is building across the region."
Read more about the array of trends driving dealmaking activity across the UK's estate agent sector
This is an exciting opportunity to acquire this robust, profitable and well managed lettings/estate agency to the market. The owner took the business off the market at the start of the Covid lockdown in order to work with us on a refresh of the marke...
Represents an opportunity for an acquirer seeking a branded beauty salon with a huge range of treatments for men and women.
An opportunity exits to acquire the business and assets of a well established removal and storage business operating throughout the South Coast.
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.