Latest Lomond deal set to boost southern presence

Lomond announced its second acquisition this week, boosting its presence in the South of England. 

The deal will see Lomond acquire the estate agency and lettings arms of Charters Estate Agents.

The brand’s current owner, Rob Mott, is staying on in a senior capacity. 

Charters Estate Agents currently boasts 10 branches stretching the length of the M3 from Southampton to Farnham, with an estimated portfolio of 2,800 properties under management. 

The Charters business is no stranger to acquisitions itself, having made several previously.

Charters become a leading brand for Lomond in the area and will help lead the brand to continue its expansion strategy across the South West and further afield, Lomond said.

Mott said: “The Charters business has made several impressive acquisitions of its own in recent years and our hunger for growth via expansion fits perfectly with Lomond’s vision. 

“So we feel that this was a natural path to take and we’re looking forward to driving the business forward even further with the support of Lomond behind us. 

“I look forward to working with Ed and the rest of the senior Lomond team in helping achieve our newly combined ambitions.” 

Ed Phillips, chief executive of Lomond, added: “Charters is a first-class business and the investment made in both the brand and its branches in recent years is clear to see, so we’re delighted to finally complete one of our biggest acquisitions to date.  
  
“In doing so, we believe our presence within the area will be significantly elevated and this deal will allow us to form an impenetrable base of operations from which to continue our expansion. I look forward working closely with Rob Mott and welcoming the whole Charters team into Lomond and continuing theirs and our successful journeys together.