Pygott & Crone Expands with East Midlands Acquisition

Deal News | Jan 24, 2025 | B Daily

Pygott & Crone Expands with East Midlands Acquisition

Pygott & Crone, a well-established estate agency founded in Lincolnshire in 1991, has increased its operations by acquiring an existing estate agency in Nottingham's Wollaton area. This strategic merger expands Pygott & Crone's presence into the Bramcote Lane shopping area and increases its workforce to over 85 employees. The agency, which has been on a robust expansion trajectory, has doubled the properties it manages nationwide in the past 18 months, thanks to a blend of organic growth and acquisitions. The addition of the Wollaton branch is expected to accelerate the growth of its lettings business in Greater Nottingham and complements its existing Nottingham city centre branch. Pygott & Crone also maintains a strong regional presence with offices in Grimsby, Grantham, Lincoln, Spalding, Boston, Holbeach, Sleaford, and the City of London.

Sectors

  • Real Estate
  • Mergers and Acquisitions

Geography

  • United Kingdom – The article focuses on Pygott & Crone's operations and expansion within the UK, particularly in the East Midlands region.
  • East Midlands – This region is specifically mentioned as the location of the acquired estate agency, highlighting the geographical focus of the merger.

Industry

  • Real Estate – The article discusses Pygott & Crone's activities in the real estate sector, focusing on estate agency services and property management.
  • Mergers and Acquisitions – The article highlights a merger activity where Pygott & Crone has acquired another estate agency, indicating involvement in M&A activities.

Financials

    Participants

    NameRoleTypeDescription
    Pygott & CroneBuyerCompanyAn estate agency founded in Lincolnshire in 1991, expanding its operations through mergers and acquisitions.
    East Midlands estate agency (unnamed)Target CompanyCompanyAn existing estate agency in Nottingham's Wollaton area acquired by Pygott & Crone.
    Mark BrayfieldNational Lettings DirectorPersonAn official from Pygott & Crone, commenting on the strategic expansion in Greater Nottingham.
    Paul WoodDirectorPersonA director at Pygott & Crone, indicating the complementarity of the Wollaton branch to their operations.