Annual results announcement
End of year financial results
3rd - 9th February 2020
Connells acquires Paul Dubberley
Acquisitions drive continues
Connells, one of the UK’s largest and most successful estate agencies and part of the Connells Group, today announces it has acquired Paul Dubberley estate agents from property investment company Bond Wolfe.
Established in 1992, Paul Dubberley is a leading estate agency offering the full spectrum of property services – sales, lettings, property management, conveyancing, mortgage services – from across its five prominent high street branches in the Black Country and West Midlands. The acquisition will see Paul Dubberley continue to trade under its existing and well respected brand name, all 31 employees retained and takes Connells’ high street network total to nearly 180 branches.
“We are delighted to integrate such a successful and well-known local business such as Paul Dubberley into the Connells network,” says Elizabeth Brown, Divisional Managing Director at Connells. “This acquisition allows us to further strengthen our position in the local market, extends our market leading services to even more customers and enables Paul Dubberley to continue to grow as part of a wider group. We welcome the Paul Dubberley team to Connells.”
Lee Morton, Managing Partner at Paul Dubberley adds: “We are thrilled to join Connells and confident that the move will both significantly boost the Paul Dubberley business and help us to continue the growth achieved over recent years.
"This marks the next step in the development of Paul Dubberley and the strength, expertise and support provided by Connells will enable us to further enhance our service and gives us the confidence that our vendors and landlords will continue to be given the best service possible”, Lee concludes.
The purchase forms part of a wider initiative by Connells’ parent company the Connells Group to grow its national network of branches and extend its regional footprint through acquisitions and a programme of new branch openings.