Leaders, one of the UK’s largest estate and letting agents, has further increased its regional footprint by completing the acquisition of Simply Lets Ltd in Worcester and Bromsgrove last week – keeping the firm’s expansion plans on course.
Leaders acquired Simply Lets after its previous owner Jon Sugden decided to sell his business and exit the letting industry altogether in order to pursue other interests.
Sugden (left) said, “After deciding to sell the company, it was important to me to leave my landlords, tenants and staff in the safest possible hands. That’s why I chose to sell Simply Lets to Leaders, which has the expertise, experience and resources required to deliver a great service.”
This fresh acquisition by Leaders follows on from the purchase of Andrews Snape & Co in Bournemouth and Cullen Homes in Manchester last month.
Matthew Light (right), Acquisitions Director at Leaders, said, “We are delighted to welcome all our new customers and employees who have transferred from Simply Lets, Andrews Snape & Co and Cullen Homes.
“These acquisitions have added new branches in key locations in which we previously had no presence, as well allowing us to grow our portfolio in some of our existing markets such as Bournemouth and the Fallowfield area of Manchester.”
Earlier this year, Leaders passed the 100 branch milestone with the purchase of Aston Mead in Surrey and Berkshire.
Leaders passed another significant milestone earlier this year when it welcomed its 1,000th member of staff following the acquisition of IMS Letting in Derby in June.
Leaders’ buy and build strategy has led to its successful expansion through the acquisition of a number of businesses with branches in areas where it has no branch presence, as well as the acquisition of property portfolios to strengthen its established branches. In most cases Leaders’ retains all the staff of the companies it acquires to strengthen its local market knowledge and ensure a continuity of service for its clients.