Thu, 04 Sep 2025 | BUSINESS SALE
Dundee-based chartered surveyor and property consultancy Graham + Sibbald has strengthened its footprint in the UK with the acquisition of property consultancy Aitchison Raffety. The acquisition creates a combined business of 370 employees working across 26 locations.
The deal was backed by funding from private equity firm Foresight Group, which has invested in Graham + Sibbald to support its transition from a traditional partnership to a corporate structure, while creating a platform for M&A-led growth, new office openings and key lateral hires.
The acquisition brings in 100 staff and nine offices from Aitchison Raffety, including sites in London, Manchester and Birmingham. The deal also boosts the company’s offering in town planning, business rates and healthcare services, while enhancing its property management, valuation and agency services.
The deal takes Graham + Sibbald’s revenues from £25 million to £35 million and the combined business is now poised to enter new specialist markets, providing a more comprehensive, multi-disciplinary offering to clients across the UK.
The two companies are set to be integrated under the Graham + Sibbald brand name in early 2026, following an initial period in which they will continue to trade separately.
Les McAndrew, senior partner at Graham + Sibbald said: “This acquisition builds on our recent expansion into Manchester and London. We’ve been responding to client demand for a fully serviced UK business, and Aitchison Raffety’s expertise and shared values make this a great fit. We look forward to welcoming our new colleagues and offering an even broader range of services to our clients.”
Ian Wimpenny, Managing Director at Aitchison Raffety said: “Joining the Graham + Sibbald Group marks the start of an exciting new chapter for Aitchison Raffety. Their long-established and highly regarded reputation in Scotland, combined with a strong, forward-thinking leadership team and complementary service lines, makes this an unrivalled opportunity for both businesses.”
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