LRG has acquired the Chancellors Group, an estate agency operating in more than 50 locations across West London, Berkshire, Hampshire, Oxfordshire, Wiltshire, Worcestershire, Herefordshire and Mid Wales.
Chancellors, founded more than 200 years ago, provides residential sales, lettings, new homes, commercial, and land sales.
Despite the acquisition by LRG the Chancellors brand will remain and managing director Robert Scott-Lee will continue as a consultant during the transition.
Matthew Light, group mergers and acquisitions director for LRG, said: “The acquisition of Chancellors, with its 50+ branches, is our largest to date and a prime example of the type of business we are looking to acquire.
“We focus on acquiring prolific regional agencies with strong local reputations, established multi-branch networks, and significant lettings portfolios. Chancellors perfectly fits this profile, strengthening our market share and expanding our geographic reach.”
Michael Cook, chief executive of LRG (pictured), said: “Chancellors joining the LRG team is a fantastic way to start 2025 and a significant step in our five-year growth strategy.
“Chancellors is an established business, with a significant property management portfolio and a brand with great heritage.
“Their expertise perfectly complements our existing offerings, and we are particularly excited to establish a presence in new markets like Mid Wales, Herefordshire, South Oxfordshire, and the Cotswolds, expanding our reach and providing our services to a broader client base.”
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