Agency snaps up two firms but says no more acquisitions in 2022

Midlands-based land and property agency Sheldon Bosley Knight has snapped up two more businesses.

The acquisition of Wigwam Estate and Lettings Agents in Leamington and Banbury and Kavanagh Commercial based in Melksham, Wiltshire, brings the total number of additions to the SBK business this year to five.

As well as Wigwam’s residential sales element, the deal will add 120 managed properties to SBK’s rental portfolio while the Kavanagh Commercial deal will add a further 100 commercial properties.

All members of staff in both companies will be retained with both Wigwam and Kavanagh will be rebranded as SBK.

The acquisitions, for undisclosed sums, add to SBK’s existing presence in Warwickshire and Oxfordshire and establish a base in Wiltshire.

SBK director and co-owner, Mike Cleary says: “Despite the challenges of the past two years, SBK has continued to push the boundaries and drive our business forward. We said at the start of this year our aim was to grow the business and we have done just that by acquiring five companies, expanding the number of offices and increasing our staff numbers – and all within the first six months.

“However we anticipate this to be the last acquisition for a while as we focus on embedding our new teams within SBK. We look forward to continuing to provide an excellent level of service and advice for buyers, tenants and landlords in and around Leamington, Banbury and Melksham.”