Midlands-based land and property agent Sheldon Bosley Knight (SBK) has acquired two more businesses.

The purchase of Wigwam Estate and Lettings Agents in Leamington and Banbury and Kavanagh Commercial based in Melksham, Wiltshire, brings the total number of additions to the SBK business this year to five.

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.

All members of staff in both companies will be retained with both Wigwam and Kavanagh will be rebranded as SBK.

The acquisitions, for undisclosed sums, add to and extend SBK’s existing presence in Warwickshire and Oxfordshire and establish a base in Wiltshire.

SBK director and co-owner, Mike Cleary said:

“We are delighted to acquire such well-established companies. They are exactly the right fit for our business and will complement and enhance our existing offering.

“Despite the challenges of the past two years, SBK has continued to push the boundaries and drive our business forward.

“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.”

Castledene Group acquires Bee My Home

The Castledene Group has been on the acquisition trial again and have bought estate agent Bee My Home based in Chester Le Street.

The acquired firm’s 160 properties will be integrated into a newly formed hub in the Castledene Group.

Bee My Home was formed in 2014 by Victoria Valentine.

Casteldene CEO and founder and director, John Paul said:

“This is a great time for acquisitive businesses, with so many agencies looking to exit the industry. We are not the only ones who have spotted a gap in the market and offer a win-win solution to those wanting to move on to do other things. This fits perfectly into our buy and build strategy”

Adele Crocker, Managing Director of the Castledene Group: “Bee My Home is a fantastic brand and the hard work the team have put in behind the scenes has meant an incredibly smooth transition for our clients. We wish Victoria the very best in her future endeavours

Founded in 2008 by Propertymark Director John Paul, The Castledene Group has grown into an eleven-branch agency spanning Northumberland all the way down to Yorkshire

John Paul added: “We have a clear growth strategy over the next few years and acquisitions form a major part of this. We are talking to several other agencies so hope to have more announcements soon”