LRG acquires Northern Estate Agencies Group
HMT advised property services group Leaders Romans Group (‘LRG’) on their acquisition of Northern Estate Agencies Group
Backed by private equity firm Platinum Equity, LRG is one of the UK’s largest property services groups with a network of over 350 branches across the country and employ over 3,500 people. LRG provide their customers and clients, ranging from individuals wishing to sell or rent their property, through to corporate organisations and national house builders, with a comprehensive range of property related services.
Northern Estate Agencies Group is one of the largest independent estate agency groups in the North of England. The business operates in 36 locations across West Yorkshire, Derbyshire, Lancashire, and Greater Manchester under the brands Manning Stainton, Ryder & Dutton and Mortimers.
Northern Estate Agencies Group offers sales, lettings, financial services, conveyancing, auctions and new homes. The group employs over 400 skilled professionals, more than a quarter of whom have been with the business for over 10 years and has a strong track record of supporting local communities, backing over 100 projects and events in the past year alone.
With this acquisition, LRG’s reach now stretches from Wetherby in Yorkshire to Ventnor on the Isle of Wight – a true North to South presence across the UK.
The HMT team provided financial due diligence on this transaction.
Matthew Light, Group Mergers & Acquisition Director commented:
“We are delighted to welcome Northern Estate Agencies Group into the LRG family. The HMT team delivered exceptional insight and precision throughout the acquisition process — their thorough analysis and clear recommendations gave us the confidence to move forward decisively.”
Paul Read commented:
“We are extremely pleased to have advised LRG on another acquisition this year. Northern Estate Agencies Group is a perfect match for LRG and this acquisition will enable the group to expand their geographical reach in the North of England. We look forward to working with them again in the future.”
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