Fast-growing estate agency completes fifth acquisition in as many weeks
Monday, December 4, 2023
Lomond has expanded its presence along the South Coast after agreeing yet another another acquisition deal – the fifth it has announced in as many weeks.
The estate agency group has purchased the sales and letting business of Sussex-based Howard & Co. The deal sees a lettings portfolio of 300 managed units, stretching from Chichester to Brighton, plus a team of three staff transfer seamlessly to Michael Jones, one of Lomond’s two long-established High Street brands on the South Coast.
The properties will be managed by the Michael Jones team based at its flagship office in Worthing – the same coastal town where Howard & Co is based.
Lomond’s CEO, Ed Phillips, said: “This deal represents a highly-complementary geographical fit for our thriving Michael Jones brand.
“We have acquired a first-class lettings portfolio that mirrors the same South Coast footprint where Michael Jones has been a market leader for over three decades.”
He added: “As our acquisition strategy gathers further pace, I’d like to thank everyone across the Lomond team who has contributed to getting these five deals over the line in such a short period of time, and integrating them into our business.
“Securing this range of deals, from the South Coast to Scotland, is a feat of which we can all be proud, and we look forward to optimising other major opportunities in our pipeline.”
Paul Broomham, CEO of both Michael Jones and sister business Brand Vaughan, which has offices across neighbouring Brighton and Hove, said the latest acquisition propelled Lomond’s South Coast lettings portfolio to more than 4,200.
“We’re keen to consolidate our presence and profile along the South Coast with more acquisitions, as the region continues to grow in popularity as a place to live.
“The majority of properties we have inherited are based in and around Worthing, which provides the ideal geographical synergy for Michael Jones.
“It’s a perfect example of a fast-growing commuter town that is becoming a magnet for tenants and buyers alike thanks to its location, transport links and lower average property prices than other coastal locations.”
In addition to the Howard & Co acquisition, since the start of November Lomond has announced the purchase of the lettings books of Royston & Lund and Paul Carr in the Midlands, as well as those of Garden Stirling Burnet and Eve Brown Property Services in Scotland.
Howard & Co will now focus on its block management business.
We were really impressed by Kremer Signs and how quickly they could get our boards printed and delivered to our board movement providers. All the staff that we dealt with are extremely friendly. I worked closely with Ryan Little and Sam Collins - both very helpful and quick at responding. Thank you for your help - we are super happy with our boards from Kremer Signs.
Great customer service
The process of ordering boards for my company New Door Real Estate was so easy from the get go with Kremer Signs! I was kept informed every step of the way by Nick and Ryan and I really couldn't fault them. Great customer service and the quality of the boards is brilliant. We're really happy with them!
Delivered in great time
Just wanted to say a big thank you to Kremer Signs (especially Ryan Little) for getting me set up with my dream for sale signs. As a very new independent estate agent, I was reassured with the great customer service and the fact I was looked after from start to finish. Really happy with the finished product which was delivered in great time too. Thanks again, I will be back for more (hopefully soon)!
Great job on our first ever boards
Kremer did a great job on our first ever boards to be produced, so many comments already on how they stand our from the crowd. effortless process, special shout out to Ryan who always kept in contact and helped through out the process. Many Thanks
Huge thank you to Kremer Signs!
Huge thank you to Kremer Signs! Ryan Little has been very responsive and helpful from start to finish. Boards arrived on time and have been a much better quality than our previous boards. This along with the excellent customer service is a win win!!! We hope to continue to work with Ryan and the team going forward. Thank you!