"Nick and his team bring a wealth of experience and knowledge that will be invaluable in helping us to grow our business and achieve our objectives"
Nick Dunning Associates has made its first large scale acquisition with the purchase of London and the Home Counties letting and sales agency Badger Holdings Group.
The Badger Holdings Group has a 26-branch network operating through two high street brands – Townends and Regents. It is a customer centric business with an excellent reputation and a fantastic management team who will be staying to drive the business forward.
Nick Dunning Associates was founded by Nick Dunning soon after leaving Countrywide plc, where he was formerly commercial director running amongst other things their fastest growing and most profitable division, lettings. During his tenure at Countrywide he oversaw the acquisition of circa 100 businesses throughout the UK.
Working with a leading private equity investor, Nick Dunning Associates has the objective of building a new scale player in the lettings agency sector and is actively looking to acquire further lettings focused agencies across the UK. The firm is open to working with established management teams who are prepared to stay with their business post acquisition and share in its continued growth.
Nick Dunning, CEO and Founder of Nick Dunning Associates, said: “The Badger Holdings Group is an extremely well run business with an excellent reputation and a solid record of profitability. It is a great platform from which to grow our business in London and the Home Counties. We will be looking for the management team to drive growth organically in all its business divisions but also through strategic acquisitions and expanding their branch footprint.”
Seamus Kavanagh, Group CEO of Badger Holdings Group, had this to say: “Everyone at Badger is very excited by the acquisition of our business by Nick Dunning Associates. Nick and his team bring a wealth of experience and knowledge that will be invaluable in helping us to grow our business and achieve our objectives. I would be pleased to hear from owners of other lettings focused businesses in London and the Home Counties who may be considering an exit in the next few years.”
Matt Hewitt, Commercial Director of Nick Dunning Associates, added: “This is the first major transaction of 2017 and it demonstrates that despite the impact of Brexit and the forthcoming ban on tenant fees, professional investors still have confidence in the future prospects for the UK rental market.”