Acquisition

RNS Number : 5825R

Begbies Traynor Group PLC

02 March 2023

 

2 March 2023

Begbies Traynor Group plc

Acquisition

Eddisons expansion in Sheffield

Eddisons, the property advisory and transactional services division of Begbies Traynor Group plc (the "group") , is pleased to announce the expansion of its operations in Sheffield through the acquisition of Mark Jenkinson & Son, a firm of chartered surveyors with a focus on property auctions. The acquisition will expand our existing Sheffield team, following the October 2021 acquisition of Fernie Greaves, whilst integrating with and expanding our property auction business.

The group will pay a total cash consideration of £0.4m, payable from its existing financial resources. The Mark Jenkinson & Son business generates annual fee income of c£1m and will be integrated into the Eddisons' team.

Anthony Spencer, Managing Partner of Eddisons, commented:

"The acquisition of the Mark Jenkinson & Son business will enhance our existing property auction team and grow our successful team in Sheffield and South Yorkshire. I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group."

Enquiries please contact:

Begbies Traynor Group plc   0161 837 1700

Ric Traynor - Executive Chairman

Nick Taylor - Group Finance Director

Canaccord Genuity Limited       020 7523 8350

(Nominated Adviser and Joint Broker)

Emma Gabriel / Patrick Dolaghan

Shore Capital       020 7408 4090

(Joint Broker)

Malachy McEntyre / Mark Percy / Anita Ghanekar / James Thomas

MHP Communications       020 3128 8567

Reg Hoare / Katie Hunt / Pauline Guenot                                    [e-mail]

Information on Begbies Traynor Group can be accessed via the group's website at
www.begbies-traynorgroup.com

 

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