Annual results announcement
End of year financial results
3rd - 9th February 2020
Peter Alan Acquires Roberts & Co’s Lettings Division
Further expansion to grow network
Wales’ largest estate agent, Peter Alan, part of Connells Group, today announces that it has acquired Roberts & Co Property Management Limited as part of its continued strategy to extend its regional rental network and increase market share.
Roberts & Co’s lettings business, based in Newport, was established 10 years ago and manages over 800 properties. The strategic sale of its lettings division will allow the company to re-invest and expand its sales & mortgage services businesses.
This acquisition will see Roberts’ team of 17 lettings staff retained and, over the coming weeks, the business will begin to trade under the Peter Alan brand name. It adds a significant number of properties to Peter Alan’s portfolio, which will continue to be managed by the existing team in central Newport with support from the local Peter Alan branches.
“We are really pleased to have acquired Roberts & Co’s lettings and property management business which allows us the opportunity to further enhance an already successful business and work with many talented individuals,” says Andrew Barry, Peter Alan Managing Director. “This acquisition is a good fit for our expansion plans and perfectly complements our current branch network. We look forward to welcoming the Roberts lettings team to Peter Alan and continuing to build our market leading position in South Wales.”
Peter Alan is open to new opportunities to acquire existing sales or lettings business across South Wales and is keen to hear from business owners looking to sell, or who wish to grow, as part of a wider group. If you are looking to sell your business, please contact email@example.com for a discussion in confidence.