A HAMPSHIRE-based estate agent has been sold.
Charters, which has 10 branches across Hampshire and Surrey, has been purchased by Lomond for an undisclosed price.
The company was established in Winchester Jewry Street 16 years ago by Rob Mott, who also acted as chairman of the company.
Mr Mott will be staying on at Charters in a senior position.
He told The Negotiator: “The Charters business has made several impressive acquisitions of its own in recent years and our hunger for growth via expansion fits perfectly with Lomond’s vision.
“So we feel that this was a natural path to take and we’re looking forward to driving the business forward even further with the support of Lomond behind us.”
Left: Rob Mott. Right: A Charters sign (Image: Charters Group)
READ MORE: Charters Group announces acquisition of Hampshire letting agents
Lomond CEO Ed Phillips said that the purchase is one of the company’s biggest acquisitions to date.
He said: “We believe our presence within the area will be significantly elevated and this deal will allow us to form an impenetrable base of operations from which to continue our expansion.
“I look forward to working closely with Rob Mott and welcoming the whole Charters team into Lomond and continuing theirs and our successful journeys together.”
The news comes two weeks after Charters purchased Fleet-based Honey Lettings, bringing its total lettings to 2,285 properties.
Charters has 10 branches across Hampshire and Surrey, as well as a HQ, commercial property arm, letting management hub, and a land and homes operation.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here