Knights swoops for real estate specialist
Knights, the legal and professional services firm with offices throughout the Midlands, has bought Croftons Solicitors, a specialist housing, regeneration and commercial real estate law firm in Manchester.
The acquisition sees 33 fee earners joining Knights from a firm that was established in 1840.
In its unaudited accounts for the year ending 31 March 2019, Croftons turned over around £2.8m.
David Beech, CEO of Knights, said: “We are pleased to announce the acquisition of Croftons today. The team is well regarded in the housing association sector, which typically brings recurring revenues from this highly defensive segment of the market. We previously set out a strong intent to expand in Manchester with our move to larger, modern premises in 2019 and look forward to welcoming Croftons to our growing team there.”
Simon Leighton, managing partner of Croftons, added: “We are excited to join Knights, a firm we see as a good home for Croftons in terms of culture and ambition. We bring particular expertise in the housing association sector and look forward to continuing to achieve our growth plans as part of a well-established and ambitious team.”
