Leaders Romans Group (LRG) has acquired Stirling Ackroyd, Alexander & Co and Peter Ball, residential sales, lettings and surveying businesses operating multiple branches across London, Surrey, Oxfordshire and Gloucestershire.
The acquisition of these brands adds significant growth to areas LRG already cover but is underrepresented in, supporting its continued growth plans. All branches will remain under their current brands.
EYE exclusively revealed in mid-November that LRG had agreed to buy 31-branch sales and lettings agency Stirling Akroyd, which operates across London, and that a deal was close to being announced – well here it is!
Nick Dunning, CEO at Stirling Ackroyd and George Thomas, CEO at Alexander & Co, will leave their respective businesses after a short transition period. All remaining team members will transfer to LRG.
Matthew Light, group mergers and acquisitions director at LRG, said: “Stirling Ackroyd represents our second largest acquisition with 31 branches, with Alexander & Co’s ten branches also joining the LRG group of brands in the same week.”
“Stirling Ackroyd is a fantastic business that increases our share of the London market, particularly on the lettings side.
“The acquisition of Alexander & Co follows a long relationship with George Thomas, which has enabled us to reach an agreement when the time was right for both parties to work together. The acquisition brings high-quality lettings business and a strong presence in the sales market in the towns where they trade.”
Michael Cook, chief executive officer at LRG, commented: “Starting 2024 with the acquisition of three fantastic, well-known, and respected brands cements our five-year strategy, focusing on growth across the UK. I’m delighted to welcome all new team members to the LRG group.”
George Thomas, CEO at Alexander & Co, added: “Alexander & Co and Peter Ball are well-established businesses that have been helping people let and buy homes for over 50 years. Our three core business values of being personal, proactive and ethical blend perfectly with those of LRG, and I am confident our clients and team will thrive as part of the wider LRG group.”
Leaders Romans Group agrees deal to buy 31-branch estate agency giant
