Eddisons accelerates South East expansion with Kirkby Diamond acquisition
Property consultancy Eddisons has expanded its presence across the South East with the acquisition of regional consultancy Kirkby Diamond, strengthening the Leeds-headquartered firm’s service offering in agency, property management and land development in a deal worth up to £8.25m.
Kirkby Diamond, a £6.2m turnover business, employs 62 people across its offices in Milton Keynes, Bedford, Luton, St Albans, and Enfield.
The acquisition extends Eddisons’ footprint to cover the entire M1 corridor and aligns with the firm’s strategy to reinforce its service offering and expand its market coverage.
The deal follows the acquisition earlier this week of London firm Network Auctions, which extended Eddisons’ auctions capability in the south of England.
Managing director Anthony Spencer said: “I am delighted to welcome the Kirkby Diamond team to Eddisons. The acquisition significantly strengthens our coverage and expertise, consolidating our market position in key industrial locations.
“Kirkby Diamond are a great fit with Eddisons, culturally and strategically, and I look forward to taking forward the opportunities that the deal presents.”
Luke Tillison, managing director of Kirkby Diamond, said: “Through the quality of our people, Kirkby Diamond has built a reputation for placing our clients’ interests at the forefront of everything we do. We are excited to be joining Eddisons and to have this opportunity to develop our offering on a broader basis with like-minded colleagues.”
The acquisition of Kirby Diamond increases Eddisons’ UK offices to over 35 and takes its workforce to more than 500 people. Last year the firm recorded a revenue of over £46m. It is one of the UK’s fastest-growing property consultancies, both organically and through 10 strategic acquisitions completed in the last five years.