Lomond has acquired Miles & Barr, marking its 64th acquisition and its first in Kent, to support its expansion into the region.
Miles & Barr operates 12 branches across 13 towns and manages 2,400 properties.
Lomond recently entered other markets, including a Winchester-based agency, Charters, and a London-based agency, Chase Evans.
The acquisition of Miles & Barr aims to meet Lomond’s growth targets in a key private rental sector market.
Mark Brooks, CEO of Miles & Barr, said: “We’ve always operated Miles & Barr with a people first approach, whether that be our employees or clients.
“We truly believe that our people are our most valuable asset, which is an approach that has yielded 25 years of incredible success.
“So, it was essential for us that any deal to be done had to be with an organisation that shares the same company culture and approach to business and it was clear that there was an immediate synergy between Miles & Barr and Lomond businesses in this respect.
“We’re delighted at the huge opportunity that now awaits us in continuing our growth journey and with the support of Lomond, it really is the start of a new chapter for Miles & Barr.”
Lomond’s CEO, Ed Phillips, said: “We’ve set our sights on a number of new regions so far this year and this has all been part of our growth strategy, as we look to further establish Lomond and its brands as the leading estate and lettings agency business in the country.
“However, we don’t mark out these new territories without careful consideration and this starts with identifying the very best business in the region to lead the charge as our cornerstone brand.
“The significant opportunity across a number of key towns in Kent is evident and with Miles & Barr, there’s no doubt in my mind that we’re putting our best foot forward as the shared values and cultures of both businesses are clear to see.”
