Wed, 30 Apr 2025 | BUSINESS SALE
Property services firm Leaders Romans Group (LRG) has made its largest ever acquisition by snapping up historic Bracknall estate agency Chancellors Group.
Founded in 1807 by James Cain, Chancellors Group operates more than 50 branches across West London, Berkshire, Hampshire, Oxfordshire, Wiltshire, Worcestershire, Herefordshire and Mid Wales. It employs over 450 people.
Its services include residential sales, lettings, new homes, commercial, and land and development. The move is set to strengthen LRG's presence across the Home Counties and introduces the group into new territories where it previously had no representation.
All acquired locations will retain the Chancellors name due to its strong brand recognition in local markets. Notably, this acquisition establishes LRG's presence in Mid Wales, Herefordshire, South Oxfordshire, and the Cotswolds, regions where it previously had no representation.
Robert Scott-Lee, managing director at Chancellors, will remain involved as a consultant during the transition period.
Matthew Light, group mergers and acquisitions director at LRG, said: "The acquisition of Chancellors, with its 50+ branches, is our largest to date and a prime example of the type of business we are looking to acquire. We focus on acquiring prolific regional agencies with strong local reputations, established multi-branch networks, and significant lettings portfolios. Chancellors perfectly fits this profile, strengthening our market share and expanding our geographic reach."
Michael Cook, chief executive at LRG, added: "Chancellors joining the LRG team is a fantastic way to start 2025 and a significant step in our five-year growth strategy. Chancellors is an established business, with a significant property management portfolio and a brand with great heritage. Their expertise perfectly complements our existing offerings, and we are particularly excited to establish a presence in new markets like Mid Wales, Herefordshire, South Oxfordshire, and the Cotswolds, expanding our reach and providing our services to a broader client base."
Find out more about the difference between buying a startup and long-established business
This well-established Kent-based practice boasts a high-quality client base with strong revenue potential, thanks to average fees exceeding £1,700 and clients that predominantly consist of limited companies.
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This is a prime opportunity to acquire a leading provider of environmental noise and air quality services with a robust presence in both Northern Ireland and the Republic of Ireland.
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