PropTech-enabled agency Dwelly has made its eighth acquisition of 2026.

It’s snapped up the lettings book of West MIdlands-based AP Morgan, which adds some 500 fully managed properties to its portfolio, which now approaches 14,000.

The deal sees AP Morgan’s lettings business join the Dwelly group, whilst the founding team will retain the AP Morgan sales business. 

The existing lettings management team will remain in place.

Dwelly says the acquisition reflects a growing trend within the industry, with established agency owners increasingly choosing specialist partners for their lettings businesses, allowing them to remain focused on their core sales operations whilst ensuring landlords continue to benefit from dedicated investment, technology and operational expertise.

Sam Humphreys, head of mergers and acquisition at Dwelly, comments: “Our acquisition activity this year reflects the confidence that agency owners are placing in the model we’ve built. Increasingly, we’re speaking to businesses that recognise the growing complexity of the lettings sector and want a partner that specialises in helping those businesses continue to thrive.

“… Importantly, this isn’t about changing what has made the business successful. 

“By retaining the existing leadership team and investing in the technology and operational infrastructure behind the scenes, we can remove much of the administrative burden that modern letting agents face, allowing them to spend more time delivering the service and relationships that clients value most.”