Announced
Completed
Synopsis
Leaders Romans Group, a property services groups, completed the acquisition of The Acorn Group, a real estate agency. Financial terms were not disclosed. “We are exceptionally proud of the growth of Acorn since we first started trading almost 40 years ago. Over that time, we have experienced significant changes in the property sector as consumer and industry expectations shift. We are thrilled to be joining the LRG ranks, as a forward-looking industry leader, we feel we share many of the same values including ambition, customer orientation, and performance-led business, so it is a great cultural fit. The sale process has been a great experience from start to finish and I personally look forward to the future of The Acorn Group, particularly the next 5 years where we have ambitious plans to grow the business, along with the added resource, experience, and support as part of LRG," Neil Louth, Acorn Group CEO.
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