The acquisition emphasises our focus on consolidating fragmented regional markets to enhance the proposition our sector offers to clients while maintaining a local, on-the-ground approach which brings significant benefits to landlords and tenants.”Stuart Pender, Group Chief Executive
Lomond Group has major hubs in private rental markets including Aberdeen, Birmingham, Brighton, Edinburgh, Glasgow, Leeds and Manchester.
LDC, the private equity arm of Lloyds Banking Group, backed the creation of Lomond Group in December 2020, merging Lomond Capital and Linley & Simpson. The private equity firm continues to work closely with the management team to support Lomond Group’s successful buy and build strategy.
Gareth Marshall, Head of the North East at LDC, said: “The management team of Lomond Group has delivered on the ambitious expansion plans that they set out at the start of the year. They are focused on expanding further across the UK in 2022 and we’re looking forward to supporting them with our capital and expertise.”