Romans, the Thames Valley headquartered group now merged with Leaders, has made another acquisition.

It has bought Alliance Property Services, in Surrey.

John Freeland, senior partner of Alliance, will be turning his focus to the company’s block management business.

He said: “We needed to team up with a substantial, well established property company, and after serious evaluation of the options we decided to merge our lettings portfolio with the Romans Group.”

Romans already has a branch in Guildford.

As recently announced, both Romans and Leaders, now merged as Property Services Holdings, are committed to further acquisitions.

Matthew Light, acquisitions director for PSH, said: “Despite some of our major competitors opting to put away the chequebook in 2016 and beyond, we are ready to invest in more companies in order to expand our growing branch network even further.”

There is speculation that PSH will float on the stock market, possibly as early as next year.