Lomond acquires latest estate agent with Midlands deal
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
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