Case study

Linley & Simpson: Buy and build success

Private equity supports 11 acquisitions in the first 18 months of partnership to consolidate market leadership.

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Sector
  • Construction & property
  • Retail & consumer

Linley & Simpson is a market-leading residential lettings and sales agency based in Yorkshire.

Employees: 230

Deal type
  • Development capital
LDC Region

Yorkshire-based Linley & Simpson is market-leading residential lettings and sales agency. Founded 20 years ago, the firm has a rental portfolio with more than 9,000 homes across 19 branches.

Partners for expansion

Will Linley and Nick Simpson, the firm’s management team, chose to partner with LDC in June 2018 when they required support for their buy and build expansion strategy.

The deal saw LDC back the management team with a £10m investment to drive acquisitions, as well as support technology developments to enhance its focus on delivering the best possible service to landlords, tenants, buyers and sellers.

Through our partnership with LDC, we aim to boost this growth and increase the number of properties we manage from 6,000 to 10,000 over the next three years, bringing our market-leading services to a wider range of customers across the Yorkshire region.”
Will Linley, Co-Founder and Managing Director
Linley & Simpson

Rapid acquisition

Just three months after the investment, Linley & Simpson took over the letting portfolios of Leeds-headquartered Hitchen & Co and McCartney Lettings, located at Bishopthorpe village in York.

In October 2018, Linley & Simpson continued its acquisition trail, welcoming the long-established Angus Roberts letting agency based in Ilkley.

A month later, the business acquired the residential sales-and-lettings business of Ilkley-headquartered Dale Eddison, a business that had earlier that year been crowned the UK’s Best Small Agency in the ESTA awards – the industry’s Oscars – earlier in the year.

The deal resulted in Linley & Simpson buying Dale Eddison’s five offices – located in Ilkley, Otley, Guiseley, Silsden and Skipton – to extend its presence across the sought-after Wharfe and Aire Valleys.

On target

In 2020, the management team completed its 11th acquisition since it partnered with LDC, acquiring both independent agencies Inghams and Henleys Property Group, taking it past the 9,000 property milestone for the first time.

With LDC behind it, the management team is already well on its way to achieving its target of increasing the number of properties it manages from 6,000 to 10,000 by 2021.

Awards

Gold

The Business Property Awards 2019

The Best Large Estate Agency

Yorkshire Residential Property Awards 2019

Deal of the Year (£5m – £25m)

Linley & Simpson – Insider Yorkshire Dealmakers

Property Management Department of the Year

The Negotiator Magazine 2019

Best in the UK: Land and New Home Team

The Negotiator Magazine 2019