Lettings firm 'starts new chapter' with takeover

A lettings and property management firm has expanded with a takeover.

Dwelly has bought Brookdale Property Management.

Bosses say the move for the 1100-property Peterborough-based operator marks the “first step in the company’s next phase of growth”.

Under the terms of the deal, Brookdale Property Management founder Dave Curtis will retire, with the firm’s remaining leadership team continuing to oversee operations.

Sam Humphreys, head of mergers and acquisitions at Dwelly, which operates a 10,000-strong national property portfolio, said: “Brookdale Property Management is a fantastic example of the type of business we’re looking to partner with.

“We want to thank Dave for building such a respected operation: it is well run, has a strong local reputation and a committed team in place.”

Dave added: “I’m confident that joining Dwelly is the right next step for Brookdale’s future.

“Their approach to growth and commitment to supporting clients and teams within the businesses they acquire aligned perfectly with what I wanted for the business.”

The deal was brokered by Atomic Consultancy, with Trust Audit providing audit and compliance support.

Lucy Noonan, Atomic Consultancy founder, said: “Brookdale is a high-quality lettings business with a strong management team and loyal client base, making it an excellent fit for Dwelly’s ambitious growth plans.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →