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The acquisition of HOP will allow us to further strengthen our Linley and Simpson brand, a brand which already has a sizable presence within the region.”

Ed Phillips
CEO, Lomond

CEO of Linley and Simpson, Martin Elliott, commented:

“Not only does the acquisition of the HOP businesses further build on our extensive residential lettings portfolio, but it also allows us to build on the existing foundations we’ve laid within the student rental market.

Like York, Leeds is an extremely popular university town and one that is home to high demand for student lets. Establishing a student base within the city itself was an important part of our growth strategy; the acquisition of HOP Students allows us to do this immediately.”

Owner and Founder of HOP, Luke Gidney, commented:

“I have always had an excellent relationship with Linley and Simpson, and great respect for what they do, so when the time came for myself and my family to exit the business, we knew they would be a great fit for HOP.

This strategic move will have a big impact on the wider market and gives Linley & Simpson an exciting opportunity to enter the thriving student rental sector in Leeds. We know that our loyal clients and fantastic staff will be in very safe hands.

I would like to say a huge thank you to the team at HOP for all their hard work over the last 15 years, the business wouldn’t be where it is today without them. I wish them all the best for the future and look forward to watching its continued success in this next chapter.”

LDC, the private equity group which is part of Lloyds Banking Group, backed the creation of Lomond in December 2020, merging Lomond Capital and Linley & Simpson. The firm continues to work closely with the management team to support Lomond’s successful buy and build strategy.

Gareth Marshall, Head of the North East and Scotland at LDC, commented:

“Lomond continues to show why an acquisitive growth strategy is such an effective way for businesses to expand their geographic footprint at pace.

“We first invested in Linley & Simpson back in 2018, so it’s brilliant to see the now national lettings and estate agency group celebrate such an important milestone in Yorkshire. We’re looking forward to supporting Ed and the team as they build on this momentum in the months ahead.”