Colliers CRE has purchased property consultancies Jansons and Paul & Company for a combined £3.9m.
The firm, headed by chief executive David Izett, announced the deals today to the stock exchange.
The purchase of logistics specialist Jansons will strengthen Collier’s position as a major property advisor in West London, Heathrow and the M40.
Jansons, led by Len Rosso and Andrew Butler, has 25 staff. It achieved a turnover of £2.6m and profits before taxation of £0.7m in the 12 months to 30 April 2006. Rosso and Butler will become head of Colliers’ logistics and industrial team and head of the Uxbridge office respectively.
Paul & Company provides surveying, valuation and estate agency services to the caravan, chalet and leisure industries. The 12-strong team will retain its offices in Wetherby and Glasgow and the Bristol-based team will move into Collier’s existing office in the city.
Izett said: ‘These acquisitions are the first in a number of Bolton acquisitions and new business launches which, as outlined in our recent equity fund raising, we plan to deliver in line with our stated strategy for growth.’