Specialist letting agent My Property Box has teamed up with a private equity firm to go on the acquisition trail.
The Darlington-headquartered company, which lets homes throughout the North East and North Yorkshire, is currently looking to gain a foothold in the Leeds area.
It is working with investment company Winch & Co, which will fund its expansion through the acquisition of other letting agencies in key target areas.
In a separate move, My Property Box is also in negotiations over the acquisition of an agency in North Yorkshire to extend its reach within the county.
Managing director Ben Quaintrell said: “Since founding the business in 2012, My Property Box has expanded rapidly from its original Tees Valley heartland.
“Last year we acquired two letting agents in Thornaby and Darlington and, as a result, we currently manage more than 1,000 homes valued at a total of £50m.”
This post has originally been featured in Letting Agent Today.