Staffordshire estate agency bought out by national chain
MIDLANDS estate agency Burchell Edwards has been acquired by national chain Connells in an undisclosed deal.
Sixteen branches from across the region have been taken on by Leighton Buzzard-based Connells, expanding its network to 487 offices.
The transaction includes Burchell Edwards and Ashley Adams branches, both headquartered in Burton, as well as ownership of Burchell Edwards’ conveyancing firm Be Legal.
Burchell Edwards, which will retain its name, provides residential sales, lettings, conveyancing and mortgage advice across Staffordshire and Birmingham as well as Derbyshire, Nottinghamshire and Leicestershire.
Connells said its investment into the business would support its continued expansion which included a number of branch openings this year and a recruitment drive which has increased its mortgage consultants by 50%.
Connells chief executive Stuart Flavell said: “This acquisition of an already successful and profitable independent estate agency will reinforce Connells’ strength in the Midlands housing market.
“Burchell Edwards will retain its existing trading names but benefit from Connells’ award-winning mortgage provision and support systems.
“We are also keen to expand further and are seeking future acquisitions of estate agency and lettings businesses.”
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