Lomond has successfully acquired Miles & Barr, marking its strategic entry into the Kent property market.
- This acquisition is a significant milestone, being Lomond’s 64th and first in the Kent region.
- Miles & Barr operates an extensive network with 12 branches managing 2,400 properties, enhancing Lomond’s reach.
- The alignment of company cultures between Lomond and Miles & Barr was pivotal in the acquisition deal.
- Both companies are optimistic about future growth, with Lomond aiming to lead in key towns in Kent.
Lomond has incorporated Miles & Barr into its expanding portfolio, marking its first foray into the Kent property market. This acquisition, the 64th for Lomond, underscores its ongoing strategy to enhance its presence in significant regions across the UK. The inclusion of Miles & Barr highlights Lomond’s commitment to capitalising on growth opportunities in the private rental sector market, a key focus area for the company.
Miles & Barr, noted for its expansive operational reach, manages an impressive total of 2,400 properties through 12 strategically located branches across 13 towns in Kent. This acquisition not only represents a geographical expansion but also signifies a reinforcement of Lomond’s service capabilities by integrating an established and reputable local business into its fold.
The synergy in corporate culture and values between the two companies played a crucial role in facilitating the acquisition. Mark Brooks, CEO of Miles & Barr, expressed satisfaction over the deal, noting that both companies place a strong emphasis on a “people first approach.” Such alignment in operational ethos was seen as essential for a seamless integration and for driving joint success in the future.
Ed Phillips, the CEO of Lomond, pointed out that the acquisition of Miles & Barr fits well within Lomond’s broader growth strategy, which involves entering new territories with careful consideration. By selecting Miles & Barr as its cornerstone brand in Kent, Lomond aims to set a strong foundation for its intended expansion in the region, reflecting a shared vision and strategy.
This acquisition marks the beginning of an ambitious growth phase for Lomond in the Kent region.
