Sheldon Bosley Knight expands again with double acquisition
Five businesses bought this year so far including two most recently – Wigwam and Kavanagh Commercial.
Midlands-based Property agent Sheldon Bosley Knight (SBK) has snapped up Leamington and Banbury-based Wigwam Estate and Lettings Agents and Wiltshire agency Kavanagh Commercial taking its tally this year to five acquisitions.
Earlier this year the firm bought Hawkins Estates and Lettings, James Sellicks Lettings and Tim Cox Associates (lettings portfolio).
As well as Wigwam’s residential sales element the deal will add 120 managed properties to SBK’s rental portfolio while the Kavanagh Commercial deal will add a further 100 commercial properties.
Both Wigwam and Kavanagh will be rebranded as SBK and all members of staff in both companies will be retained.
The acquisitions, for undisclosed sums, add to and extend SBK’s existing presence in Warwickshire and Oxfordshire and establish a base in Wiltshire.
Mike Cleary, SBK director and co-owner, says: “They are exactly the right fit for our business and will complement and enhance our existing offering.”
EXPANSION
Cleary, who also co-founded Wearethemarket, adds: “We said at the start of this year our aim was to grow the business and we have done just that by acquiring five companies, expanding the number of offices and increasing our staff numbers – and all within the first six months.
“However we anticipate this to be the last acquisition for a while as we focus on embedding our new teams within SBK.”
Sheldon Bosley and Knight & Rennie became Sheldon Bosley Knight on August 1, 2016 after a joint venture between the two firms for a New Homes estate agency service.
It now has offices in Stratford, Shipston, Chipping Campden, Leamington, Pershore, Evesham (pictured above), Winchcombe, Kineton, Kenilworth, Leicester, Nuneaton and Bedworth.
