Spicerhaart snaps up well-known regional independent
Monday, July 2, 2018
Spicerhaart has acquired a well-known independent in East Anglia, long-established Howards.
Established in 1926, Howards has branches in Great Yarmouth, Gorleston, Lowestoft, Norwich, Beccles, Long Stratton and Poringland.
The acquisition follows the recent purchases of the Brian Holt estate agency group in the west midlands and the 19 branches of butters john bee in Cheshire, Shropshire, Staffordshire and the west midlands.
Spicerhaart chief executive Paul Smith said: “We are delighted to welcome Howards to the Spicerhaart team, underlining our commitment to investing in bricks and mortar estate agencies, particular those with strong lettings books and property management divisions.
“Our purchase will enable Howards to offer more services to its customers and provide further career opportunities to its 50 staff.
“This is most certainly not the end of our acquisition push and we will be announcing further deals in the coming months. Whilst we have good organic growth in our core business, we are looking to extend our geographic footprint across the country as well as filling in locally where we have gaps.”
Howards managing director Chris Mitchell said: “We have always been a company that prides ourselves on providing straight forward, down-to-earth, advice and guidance to our customers, supported by excellent communications and innovative marketing activities.
“Spicerhaart shares exactly the same approach and we are extremely excited to become part of a larger organisation that can bring new investment to our business.”
The acquisition takes Spicerhaart to 200 branches with 2,000 staff nationwide. Its brands include haart, Darlows, Haybrook, Felicity J Lord, butters john bee, Brian Holt and Chewton Rose.