Estate agency acquires rival’s sales business as part of growth strategy

Hortons, an independent estate agency operating across the East Midlands, has completed the acquisition of the sales arm of Fothergill Wyatt, an independent estate agents in Leicester.

Since opening 2013, Hortons has evolved and grown and now operates across five counties, making it one if the largest independent estate agencies in the region.

The acquisition see’s Fothergill Wyatt’s associate director Jack Hunt join Hortons to further expand the company’s coverage in Warwickshire. Existing Hortons’ partner Gianfranco Paparozzi, a well-known Stoneygate property market expert, will be assisting local clients.

Following the sale of its sales division, Fothergill Wyatt, established in 2021, will now just focus on growing their lettings and asset management services, while referring sales exclusively to Hortons.

Nicol Nightingale, managing director of Fothergill Wyatt, said: “[Hortons is] another independent agency that shares our core values for putting customers first and delivering high quality service.

“This strategic move will allow us to strengthen our focus on building our asset management portfolio and residential lettings department, and then also ensuring, through a collaborative ongoing working relationship, that we can confidently refer sales clients to Hortons, knowing they’ll be in safe hands.”

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3 Comments

  1. porkpie

    They’ve ‘bought’ a sales outfit with 17 properties. Wow.
     
    In reality, has any money changed hands?

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  2. PeeBee

    “Since opening 2013, Hortons has evolved and grown…”
     
    Who writes this stuff?
     
    Who checks the content before giving it room in your publication?
     
    Why are no questions asked when it is found to be woefully incorrect?
     
    This article
    propertyindustryeye.com/estate-agent-24-to-hire-20-people-just-one-year-after-launching-business/
    was published just over four years ago.  The “one-year-after-launching is a bit of a clue… and the ten second it took me to look on Companies House confirms that Hortons was incorporated November 2016.
     
    I’m not applying for a job as researcher here, EYE – but I suggest you really need one.  You no longer have the comfort of knowing that the last person in the job did it all – including front of house management and serving the best fare possible to satisfy some very picky appetites…

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