Lomond snaps up competitor agent’s lettings book in North West
The burgeoning group shows no signs of slowing as it adds a third acquisition to its 2025 tally, strengthening its presence in the North West.
Lomond Group has added the lettings book of Edward Mellor to the group, which will now fall under the brands of Julian Wadden and Thornley Groves.
Edward Mellor is one of the longest standing and most widely respected agents in the North West and will transfer over 900 properties under management to Lomond.
Already in 2025, the group, backed by private equity company ICG, has bought Oakwood Homes in Kent and Uni2Rent in Nottingham.
Successful independent
Founded in 1983 in a single office in Denton, the Edward Mellor business has grown to 140 employees across 12 offices and, today, is regarded as one of the most successful independent estate agency businesses within the Greater Manchester area.
We are excited about the opportunities on the horizon for our estate agency, auctioneering and financial services divisions.”
Commenting on the deal, Peter Barlow, MD of Edward Mellor said, “Whilst it’s never easy to hand over a part of our business, we are excited about the opportunities on the horizon for our estate agency, auctioneering and financial services divisions, which are the heart of our business.
“This move will enable us to channel our time, resources, and management expertise into driving the technological transformation that the property sector urgently needs.”
Lomond’s CEO, Ed Phillips said, “Edward Mellor is an outstanding business and one that still operates with true family owned values at its core, which is rare to find in this day and age.
“Make no mistake about it, by acquiring the lettings arm of the business, we’ve acquired a competitor within the Greater Manchester area and so this is a deal that strengthens our presence within the region considerably.”
Brokered deal
The deal was brokered by Adam J Walker Associates. Commenting on the rationale behind it, Adam Walker said, “Many owners of mixed sales and lettings businesses are deciding to sell off their lettings department because the profit that they can achieve from reinvesting the sale proceeds in another division or another business are much greater than the profits that they were achieving from their letting division.”
