South East: Another merger for Romans property group

The Romans Group has taken yet another significant step in its expansion strategy with the acquisition of Drummonds in Caversham.

Expanding its portfolio of estate and letting agencies has been high on the agenda for the Romans Group with seven successful acquisitions already under its belt since 2013 and a £12 million finance facility from its bankers available for more business purchases.

John Grimes, founder of Drummonds, commented on the transition: “Romans' recent growth and ongoing success made it clear to me that this would be a smooth move that would really benefit my clients.

“Their experience in the local market place really stood out and I know everyone will value the state-of-the-art facilities and extensive advertising campaigns Romans offer from the Caversham branch.”

The Caversham-based agency is now fully-incorporated into the Romans Caversham branch which has been established in the town since 2009. Many of the agents have worked in Caversham for over a decade and have vast knowledge of the local property market.

Acquired agencies benefit from investment in information technology, training, intensive marketing and the numerous services also available to customers on top of sales and lettings, including investment advice, conveyancing, surveying, auction sales and mortgage advice.

Peter Fuller, managing director of Romans Lettings, said: “With our extensive acquisition experience in the local area, capacity and financing facility, we are ready and able to consider any acquisition opportunity and plan to accelerate our rate of growth this year and in the years to come.”