Leaders acquired PWR Property Consultants LLP and PWR Residential Sales LLP in Mansfield and Nottingham on 24th April.
This latest acquisition by the fast growing firm brings its branch network to a completely new area, filling a geographical gap between its well established branches in East Anglia and the North West.
PWR was established in 2004 by Simon and Becky Perkins and has built a good reputation locally for providing a high standard of service in both letting and estate agency. The acquisition gives Leaders its 91st and 92nd branches plus a substantial rental portfolio in and around Mansfield and Nottingham.
All the staff have joined Leaders whilst the vendors have exited to focus on their property investment business. Becky will also continue to progress her career as a novelist. She published her well-received first novel ‘Fifteen days of summer’ in March 2015 and has a sequel, ‘A summer of secrets’, in the pipeline.
Commenting on the sale of PWR, Ms Perkins said: “Having spent the last 11 years building our business into the best it could be, the decision to sell was not an easy one. We wanted to be certain our staff and clients would be well looked after by a company whose business ethos matched our own and which would continue our high standards of service and staff development.
“We are therefore delighted that our staff and clients have joined Leaders and believe this deal has secured a promising future for them. Our clients will now have access to a broader range of property services with much wider coverage but with the same focus on a personal, local service. Our staff will also benefit from excellent opportunities to advance their knowledge and careers with Leaders as they continue to expand.”
Leaders’ lettings director, Emma Wells, who is overseeing the integration of PWR into Leaders said: “We are delighted to welcome our new staff and clients to Leaders and look forward to working with them. This is a key acquisition for us, giving us two well established branches in Nottinghamshire which will make an excellent foundation upon which to extend our service in the wider area. We would be delighted to hear from any business owners in the region who may be thinking of selling and can assure them a smooth and fair transaction.”
Leaders is one of the leading consolidators in the lettings industry, having grown every year since establishment in 1983, through a combination of strong acquisitive and organic growth. Last year Leaders secured a £30 million expansion financing facility to support its continuing buy-and-build strategy.