Connells Group acquires Gascoigne Halman
Leading estate agency and property services provider the Connells Group today announces that it has agreed to acquire Gascoigne Halman* as part of its long term strategy to increase market share and extend its geographical reach. Gascoigne Halman is a highly successful estate agency business, founded in 1990, with 18 branches operating across south Manchester, north east Cheshire and the High Peak. The acquisition takes the Connells Group’s high street network to nearly 540 branches across the UK.
Gascoigne Halman will continue to trade under its existing brand with founder and Managing Director John Halman remaining at its helm.
“We are delighted to welcome such a strong and high quality business as Gascoigne Halman to the Connells Group. This acquisition is a good strategic fit for our expansion plans and perfectly complements our branch network. It brings depth and further quality to our existing portfolio and gives us a presence in this region for the first time,” says David Plumtree, Connells Group Estate Agency Chief Executive. “There are strong synergies between the Connells Group and Gascoigne Halman and we are looking forward to working with John and his team.”
John Halman, Managing Director at Gascoigne Halman says: “Partnering with Connells is the best way of securing our position in the future and gives us added impetus and ability to not only develop our existing business but to push out and expand in the future where opportunities arise. We firmly believe that this new relationship will enhance the Gascoigne Halman brand and that this will be advantageous to our customers and the business.”
This latest deal follows a series of acquisitions by the Connells Group, which over the last 18 months has embarked on one of the most ambitious growth strategies ever undertaken by a UK agency. Acquisitions include Peter Alan, the largest estate agents in south Wales with 26 branches, Adrian Cole & Partners, Cartwrights in Stafford, Harrisons in Lincoln, Platinum lettings in Crawley and a number of acquisitions of lettings books at a local level. The Group has also grown organically during this period through opening a further 114 residential and lettings branches.
The Connells Group remains open to approaches from existing sales or lettings businesses looking to sell or who wish to grow as part of a wider group.
*Completion of the transaction is subject to the FCA approving the change of controller.