Industry giant sells block management service to rival firm

The 7,000 units under SDL’s block management are now with rival HML Group following an acquisition deal which took place last year but was announced only this week. 

A statement from HML says: “In the latter part of 2021, we successfully rebranded and merged both entities into HML Property Management.  We have worked hard to retain as many staff as possible from SDL Property Management as we understand the important role they hold with regards to the delivery of customer care. This is an exciting opportunity, stemming mutual benefits for both HML and SDL customers, who have experienced a seamless transition across to the group.” 

HML was established two decades ago by LTC Holdings and in 2004 it listed on the junior AIM part of the London Stock Exchange; it was de-listed a year ago following a takeover. 

HML now says it is entering 2022 in acquisitive mood and wants any company considering selling its block management business, or considering ways to plan an exit strategy, to make an approach.

“We have a number of solutions including outright purchase, earn outs, outsourcing, partnering and joint ventures. We can acquire entire companies or acquire portfolios only” says HML.

It continues:  “We understand the need to conduct all conversations in total confidence, so much so that if you would prefer to discuss your options with an independent management consultant in complete confidence before becoming known to HML, we have arranged for Add Melon consultants to work with you.”