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Independent agency swallowed up in five year acquisition plan

Leaders Romans Group has snapped up another independent lettings firm in what it calls a five year acquisition programme.

Stanley & Partners is a Sussex-based residential lettings business founded in 1974, operating two lettings branches in Lewes and Burgess Hill. 

The current Burgess Hill office will combine with the existing Leaders Burgess Hill office, while the Lewes office will be re-branded to Leaders.

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James and Karen Stanley will step back from the business following a handover period, with all remaining staff transferring to LRG. 

This acquisition represents a further expansion of LRG into Sussex, with Lewes being one of the last remaining major towns in Sussex without Leaders on the high street.

Matthew Light, Group Mergers and Acquisitions Director at LRG, says: “Following the acquisitions of Hose Rhodes Dickson, Acorn Group and Northfields last year, we continue to pursue our mergers and acquisitions strategy to strengthen our local high-street branch network. 

“Stanley & Partners is a family business focusing on trust and knowledge that strives for exceptional service, which is a perfect fit for LRG.”

And Michael Cook, Group Managing Director at LRG, adds: “Our five-year strategy to continue on the acquisition trail reflects our ambitious growth plans, with the objective of growing our presence across the UK.”

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    I feel for the staff and customers.

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    Probably funded on debt. Smaller agencies can't make a profit with the tenant fees ban, sivare bailing out.

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