Leaders further increased its regional footprint by completing the acquisition of Southend-based Tudor Estates last week – keeping the firm’s expansion plans on course.
The deal to acquire Tudor Estates, which was founded in 1959, comes just weeks after Leaders absorbed another Essex company into its national network. More Estate Agents, with branches in Clacton, Colchester, Chelmsford and Braintree, joined the organisation in January.
This is Leaders’ third acquisition this year following a busy 2015 in which it spent over £25 million on 11 acquisitions and 32 new branches. Leaders now have 118 branches in total, including five in Essex.
“Adding a fifth branch to our growing presence in Essex is fantastic news. We believe the county is home to an important property market with plenty of potential, Kevin Shaw (left), National Sales Director at Leaders, said.
He added, “The Tudor team has gained a tremendous reputation in Southend over many years and we look forward to building on this. This acquisition gives us a chance to extend our coverage in Essex and roll out our range of services to more sellers and landlords.”
The entire Tudor team has opted to remain with Leaders, and Luke Chiddicks, Sales Manager at the new Leaders branch in Southend, insists that his firm are excited to now be a part of a much larger group.
He said, “Being part of national company with specialist marketing, IT, compliance and accounts departments to support us will allow me and my team to focus on providing an even better service and grow our market share locally. It also means a wide range of opportunities for our staff to progress their careers on a larger playing field.”
Leaders is expected to complete further acquisitions in the coming weeks, as part of its expansion plans, designed to reach more parts of the UK and increase overall market share.