LRG has acquired the Northern Estate Agencies Group, one of the largest independent estate agency groups in the North of England.
The business operates in 36 locations across West Yorkshire, Derbyshire, Lancashire, and Greater Manchester under the brands Manning Stainton, Ryder & Dutton and Mortimers.
With this acquisition, LRG’s reach now stretches from Wetherby in Yorkshire to Ventnor on the Isle of Wight.
Northern Estate Agencies Group offers sales, lettings, financial services, conveyancing, auctions and new homes. The group employs over 400 people, more than a quarter of whom have been with the business for over 10 years.
The group brings together three long-established brands: Manning Stainton has twice featured in the Sunday Times Best Companies to Work For, Ryder Dutton has operated since 1919, while Mortimers adds more than 80 years of service across Lancashire and the Ribble Valley.
The businesses will continue to operate under their existing brand names, with all branches and staff retained.
Mark Manning, group managing director, will continue in his current role working with LRG to drive business growth, while also remaining a shareholder in the business. Manning will be supported by the retiring chairman and founder, Russell Manning, who will remain as a consultant.
Manning commented: “We are excited to enter this next phase of our growth working with LRG, a business we have long admired. Their commitment to local brands working alongside great people, together with the work they do within our communities, aligns with our own values.”
Matthew Light, group mergers and Acquisitions director, LRG, said: “We are delighted to welcome Northern Estate Agencies Group into the LRG family. This is one of our most significant acquisitions, alongside Chancellors, Acorn, Stirling Ackroyd, Gibbs Gillespie, scottfraser and Portico. Our strategy is to partner with both smaller and moreestablished regional agencies, retain their local identities,grow them, and provide the support and scale of a national business. With several major acquisitions now completed and more opportunities in the pipeline for 2025 and 2026, this deal sets the tone for the next exciting phase of our growth.”
Michael Cook, chief executive officer, LRG, added: “This acquisition marks another major milestone for LRG as we expand fully into Yorkshire and Lancashire. Northern Estate Agencies Group is built on trusted local brands, talented people and a strong reputation for service. By bringing them into LRG, we not only strengthen our geographic reach but also add to the breadth of expertise and community focus that are central to our business. We are excited to work with Mark and the teams at Ryder Dutton, Manning Stainton and Mortimers to build on their success and continue delivering outstanding results for clients.”
Read the orginal article: https://propertyindustryeye.com/eye-newsflash-lrg-acquires-northern-estate-agencies-group-adding-36-branches-to-its-portfolio/
