LSL Property Services yesterday announced the completion of its acquisition of TenetLime
The property brand announced in August that it had acquired the mortgage network, and began integrating its 278 advisers working within 157 firms to its financial services business.
It said members will be integrated fully in the operations of LSL's PRIMIS Network.
The deal, financed through LSL's cash resources, is worth £12.9m and the company said it expects the transaction to be “earnings enhancing” in 2024.
David Stewart, group chief executive of LSL, said at the time: "I'm delighted we have been able to complete this transaction and I look forward to welcoming TenetLime's advisers to our PRIMIS Network.
“The increase in membership will help us to further invest in our service offering to member firms as well as delivering scale economics to support further growth. The acquisition also underpins our leading position in the mortgage and protection network market and is fully aligned with our group strategy to develop our financial services network business."
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