Lomond seals 100th agency acquisition

Lomond has acquired one of North Yorkshire’s oldest independent agencies, Joplings

The deal will see Lomond’s Linley and Simpson brand take over the business and boost its presence in the region.

Linley and Simpson will take on all of the properties currently under management with Joplings, pushing Linley and Simpson to in excess of 15,000 properties under management, with the brand also taking the existing Joplings sales pipeline. 

Martin Elliot, chief executive of Lomond Yorkshire, said:  “The acquisition of Joplings is one that has been ten years in the making and holds high strategic importance for the Linley and Simpson brand. 

“We’re acquiring an extremely well-established and respected local business and, in doing so, we are cementing our position as the leading agent in the local area.”

It is Lomond’s 60th acquisition since LDC’s investment in 2020 and its 100th overall.

Robert Hamilton, who has been involved in most the deals as Lomond’s acquisition director, said:  “We’ve embarked on an incredible journey since the early days of Lomond Capital and I’m immensely proud to have overseen the acquisition of 100 businesses to date, from Scotland to the South coast, all of which have been strategically important in realising our aggressive growth ambitions. 

“The credit goes to my highly professional team and the market leading acquisitions process that we’ve implemented. We’ve always prided ourselves on being a people first business and this starts with our employees and extends right through to our customers and the sellers of the businesses we acquire. 

“For a seller, having your business acquired is an incredibly proud, life changing event, that allows them to realise the value they’ve built through sheer hard work and determination. It’s an intensely personal experience and one that needs to be recognised, acknowledged and managed with great care and respect. 

“As the acquiring business, we’re an integral part of this and it leads to very strong relationships, so much so that I was even invited to the wedding of one of our business sellers.”