A regional independent has acquired two more businesses.
Linley & Simpson, which has a network of 11 branches across North and West Yorkshire, has taken over the letting portfolios of both Leeds-headquartered Hitchen & Co, and McCartney Lettings, located at Bishopthorpe village in York.
The deals – for undisclosed sums – takes the number of acquisitions completed by Linley & Simpson to six so far this year.
They are also the first ones since LDC, the private equity arm of Lloyds Banking Group, invested £10m into the Linley & Simpson business in June to accelerate its growth strategy.
The twin acquisitions have resulted in an extra 340 properties being transferred to the management of Linley & Simpson.
This influx propels its total portfolio of properties under management in Yorkshire past the 6,000 milestone for the first time.
Linley & Simpson chief executive Will Linley said: “We are thrilled to augment our business with this duo of well-known and respected names in the Yorkshire marketplace.
“We are committed to investing in the future and the injection of funds from the team at LDC equips us with the ability to move forward at scale and at pace.
“Other acquisitions are planned before the end of the year as we aim to consolidate our position in a market that we know very well, and which we believe holds no shortage of opportunities.”
Linley & Simpson launched 21 years ago and now employs more than 180 staff across 11 regional branches.