Acquisition deal expands property consultancy service

Anthony Spencer

Eddisons, the property services consultancy division of Begbies Traynor Group plc, is expanding its operations in Sheffield through the acquisition of the team from Fernie Greaves Chartered Surveyors.

The deal will grow Eddisons’ presence in South Yorkshire, where it provides real estate consultancy services through its existing team headed by Adrian Lunn.

The new team from Fernie Greaves, headed by Paul Oddy and George Thompson, will join Eddisons’ Sheffield team creating an enlarged complement of 13 staff.

The Group will pay a total consideration of £0.25m payable from its existing financial resources. The Fernie Greaves team has typically generated annual fee income of around £0.5m per year.

Anthony Spencer, managing partner of Eddisons, said: “The acquisition of the Fernie Greaves team will enhance our existing Eddisons team in Sheffield and broaden our reach across South Yorkshire and the East Midlands.

“I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group.   

“As we reported in the Group’s recent trading update, Eddisons is in a strong position, trading well and we continue to seek opportunities to grow the Eddisons’ business, both organically and through acquisitions.”

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