Romans
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Agencies & People
Leaders join forces with Romans
Leading letting agents Romans and Leaders have merged to create one of the largest property services providers in the UK, with more than 40,000 properties under management. The groups, which have branches in London and across the South East, East Anglia, the Midlands and the North West, have joined forces in an attempt to capitalise on the growing private rental sector. The new collaboration between Leaders, which has 118 branches, and Romans, which has 27 branches, to form Property Services Holdings, will lead to combined revenues of around £100 million. The agents are being merged by Bowmark Capital, the private equity firm, which backed the management buyouts of Leaders in 2010 and Romans in 2013. Mark Salter, a Partner at Bowmark Capital, commented, “Leaders and Romans are outstanding businesses in their own right, and both have delivered impressive profit growth under Bowmark’s ownership. “Bringing them together creates a leading lettings-focused property services group that is greater than the sum of the parts, and is perfectly positioned to capitalise on the positive market conditions.” ICG has provided a substantial senior debt facility to support the merger of the two brands, which will continue to operate autonomously, and has committed a further…
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Movers & Shakers
Romans’ new senior roles
The Romans Group has devised a new role with the task of sourcing opportunities for all areas of the growing business, with the appointment of Nigel Deller, a specialist Business Development Consultant. Nigel joins Romans after being involved in the residential property market across Berkshire and North Hampshire since 1976, in estate agency and in sourcing land for the development of new builds, and the conversion of commercial and redundant farm buildings. Working closely with Romans’ land and auctions teams, Nigel will use Romans’ diverse framework of property services to source leads for potential land development, auction lots with regards to probate, letting investment and mixed use, and find new letting acquisitions. As well as working closely with the auctions, new homes, surveying, and lettings divisions, Nigel will be liaising with Romans’ network of 27 local branches, and networking with professional contacts to achieve similar goals. The Romans Group has also appointed Peter Tappin as Land and New Homes Manager based in Guildford, covering Surrey, Sussex and North Hampshire. The new role follows the successful merger of Meldrum Salter Edgley (MSE) into the Romans Group in June 2015. Peter had previously been a Partner and Head of Residential Sales at…
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Agencies & People
Romans acquires Bramptons
Sales and lettings agency, Bramptons, has become the latest in a growing list of firms to merge with the Romans Group, it has been announced. Romans has acquired the Bramptons branches at Beaconsfield and Gerrards Cross in Buckinghamshire, marking the Group’s seventh acquisition of 2015. All members of staff at Bramptons have joined Romans under the Transfer of Undertakings (Protection of Employment) Regulations 2006, otherwise known as TUPE, including the firm’s Director, Peter Scott. Commenting on the merger, Scott said, “The decision to sell to Romans was not one that was taken lightly; we are all extremely passionate about property and have thoroughly enjoyed working across South Buckinghamshire building Brampton’s reputation as a reliable and trusted estate and lettings agency. “Therefore, it was imperative that we sold to a company with the same passion as us, but who could also bring additional experience and investment to improve the service our clients, current and future, receive.” As part of the Romans Group, Bramptons will now be able to offer clients a property auctions sales room, surveying, conveyancing, planning expertise, and access to new homes developments, in addition to its existing sales and lettings service. Richard Frost (MARLA), Lettings Director at the…
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Agencies & People
Romans acquires Campsie
Romans Group completed yet another acquisition last week after it finalised a deal to merge with Campsie’s sales and letting branches. Established for over 40 years, Campsie, which covers Windsor, Staines-upon-Thames and West Drayton, will be fully-incorporated into the Romans network from Monday 5thOctober, with each of the firm’s three branches set to be upgraded to the familiar and customer focused offices seen across the Romans Group. Romans’ decision to buy Campsie fits in with the firm’s expansion strategy, and follows on from the acquisition earlier this year of Meldrum Salter Edgley in Guildford, James Griffin in Bracknell, SherriffMountford in Burnham and Atlantis in Reading. Expanding its portfolio of estate and letting agencies has been high on the agenda for the Romans Group with a number of acquisitions already under its belt since 2013. Members of staff at Campsie, part of the Orchard & Shipman Group, will be offered professional and expert advice on sales, lettings, and surveying. Shane Spiers, Chief Executive of Orchard & Shipman Group, commented, “Campsie has been established for over 40 years, so when the time came to sell it was vital we found an agency with the same core values and high standards our customers…
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Agencies & People
BUY BUY BUY!!! Leaders, Romans and Connells complete acquisitions
Leaders has acquired Home Counties estate agency Aston Mead in a deal which brings it additional branches in two new areas, taking it past the 100 branch milestone. Aston Mead trades from Epsom, Walton-on-Thames, Weybridge and Woking where Leaders will be merging the business with its existing, well established branches; as well as from Sunningdale and Chertsey which are new areas for Leaders and will take the firm to just over 100 branches. Leaders passed another significant milestone recently when it welcomed its 1000th member of staff following the acquisition of IMS Letting in Derby in June. Matthew Light (left of the main picture), Leaders’ former finance director who recently took up the new role of acquisitions director, said, “We extend a very warm welcome to all our new staff and clients who join us from Aston Mead, and a special welcome to our new team in Sunningdale, which is our 100th branch.The Romans Group has acquired Meldrum Salter Edgley in Guildford and Connells Group has snapped up another lettings business a – Cartwrights in Stafford. Meanwhile, Romans’ decision to buy Meldrum Salter Edgley fits in with the firm’s expansion strategy, and follows on from the acquisition of James Griffin…
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