EYE has been informed that Dexters is on the verge of announcing the purchase of Kinleigh Folkard and Hayward (KFH), while a second tip-off last night from a reliable source has led us to believe that Leaders Romans Group (LRG) has agreed a significant deal to buy Stirling Akroyd.
EYE understands that LRG has concluded negotiations to acquire 31-branch sales and lettings agency Stirling Akroyd operating across London, and that a deal is close to being announced.
The property service group, which was acquired by Platinum Equity last year, has placed a major focus on mergers and acquisitions since being taken over by the private equity operator, as the company seeks to expand.
When approached by EYE last night, a spokesperson for LRG issued this statement:
“Leaders Romans Group does not comment on potential or possible acquisitions, or commercially sensitive information relating to companies outside the Group.
“When an acquisition reaches completion, we routinely despatch a press release, which is posted on our website, but we would never comment before this stage.”