Another acquisition for fast-growing independent agency

10 November 2020 | Renting

Another acquisition for fast-growing independent agency

A south coast agency has snapped up a local independent – the latest of several acquisitions it’s made in recent years.

Worthing’s Michael Jones & Company has acquired Symonds & Reading which will now trade under the name Michael Jones & Symonds Reading. 

Symonds & Reading was formerly headed by Ian and Jo Ward and managed over 500 properties throughout West Sussex. The couple will both join the Michael Jones team as consultants.

This latest acquisition comes off the back of mergers with Bacon & Co in September 2017, Curtis & Son in May 2019 and Easylet in October 2019. 

“This collaborative move will enable the two businesses to work together and further enhance their service offerings as well as meeting their conjoined customers’ property requirements” says a statement from Michael Jones & Company.

And chief executive Mike Jones adds: “As a business we see great value in growing and developing our sales and rental business. 

“We are delighted to announce we have exceeded our target of 2000 fully managed properties in lettings through our recent acquisitions which will significantly contribute in strengthening our overall position as a group. 

“We are actively looking for other acquisition opportunities in the area as it is an important part of the groups growth and expansion plans.”

This post has originally been featured in Letting Agent Today.