Connells Group has made its fifth agency acquisition of the year. 

It’s snapped up Ridgewater Property, a lettings agency in Devon, covering Torquay, Paignton and Brixham. 

All current staff will stay with the business and integrate into the Connells Torquay team in its newly renovated branch.

The acquisition adds over 300 managed rental properties to Connells Group’s portfolio. 

Chris Rosindale, Connells Group chief operating officer, comments: “This is a really successful business with a fantastic team who all have exceptional expertise in their local market. Their values and ethos align perfectly with ours, so I have no doubt that our new colleagues will fit seamlessly into our Group. This is our fifth completed acquisition so far this year, with more in the pipeline, and we’re keen to explore more opportunities to add to our growing network.” 

Ridgewater’s former director, Neil Tozer, adds: “When we decided to sell Ridgewater after 17 years, it was important to us to choose the right business to hand over our valued clients and team to. We chose Connells because we believe they have the skills and resources to give our customers the continued support and assistance they need in ever- changing times. They will also be taking on our whole team as part of the sale to ensure our  customers have a continuity of service and a familiar point of contact. We would like to thank all our customers past and present for their support over the last 17 years.”