Leaders Romans Group (LRG) has acquired Stirling Ackroyd, Alexander & Co and Peter Ball in the latest high profile industry acquisition.
All branches will remain under their current brands.
Nick Dunning, chief executive at Stirling Ackroyd and George Thomas, chief executive 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 at LRG, said: “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, chief executive 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.”
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