Belvoir has announced the acquisition of Key Estate Agents in Attleborough, Warwickshire.
The purchase is by the local Belvoir franchisee, supported by Belvoir itself.
Clayton Foston, of Belvoir Nuneaton and Hinckley, said: “There are 14 letting agents on my street alone and, as my business is only two years old, I saw an acquisition as a way of expanding my landlord base and accelerating the growth of my business.
“Key Estate Agents seemed the perfect opportunity because they are a very successful business with a substantial turnover. They are also very similar to Belvoir in that they are a well-organised company who don’t cut corners and keep standards high.
“Investing in the acquisition has multiplied my business by four and I now look forward to offering the Belvoir level of service to more landlords than ever before.”
Helping its franchise owners to expand has become a key part of Belvoir’s overall growth strategy.
Belvoir CEO Mike Goddard said: “Purchases such as Clayton’s show that we continue to follow vigorously our policy of seeking new acquisition opportunities.
“It is a further example of Belvoir’s strategy to support our franchisees as they expand their businesses in their local areas, whilst also expanding the Belvoir brand.
“We are making good progress expanding our office base across the UK and we continue to look at a number of further acquisition opportunities to support this strategy.”