Lomond adds another acquisition to its growing stable of agencies

A rapidly growing agency Lomond continues to acquire at an incredible rate, completing its 55th acquisition in just three years.

The company’s latest move is to acquire Birmingham rental rival Xact Lettings Ltd in a deal that will strengthen its established regional brand, John Shepherd.

John Shepherd will now take over 100% of Xact Group’s leasing business.

Prepared for sale

As a result of taking over the Xact leasing portfolio, John Shepherd will see its own portfolio increase to 8,000 properties under management.

Only last week – Neg informed Lomond acquired Yorkshire-based HOP Lettings and HOP Students.

Last month, Also reported by Neg on rumors that Lomond Group is poised for a £100m sale by its private equity investors, LDC.

This will only strengthen our presence as one of the leading companies in the Midlands market.”

Lomond CEO Ed Phillips (main photo) says: “The Midlands has been one of the best performing regional markets in recent years and remains a strong area of ​​focus for Lomond and our John Shepherd brand as we look to deliver on our ambitious growth strategy.

“Having identified Xact Lettings as a key competitor in the region, we are delighted to add the weight and expertise of the company’s lettings division to the Lomond portfolio, which will only strengthen our presence as one of the leading companies in the Midlands market.”

Richard Crathorne, CEO of John Shepherd, says: “The John Shepherd brand has long been established as one of the leading forces in the Midlands property market and we are proud of our local expertise, transparency and exceptional customer service.

“Our latest acquisition will only help us strengthen our position as one of the leaders in the regional rental market, and we look forward to helping even more landlords and tenants as we continue to grow our business.”