BEGBIES TRAYNOR GROUP PLC

M&A Activity • Oct 1, 2021

National Storage Mechanism | Additional information

RNS Number : 6425N

Begbies Traynor Group PLC

01 October 2021

1 October 2021

Begbies Traynor Group plc

Expansion of Eddisons operations in Sheffield

Eddisons, the property services consultancy division of Begbies Traynor Group plc, is pleased to announce the expansion of its operations in Sheffield through the acquisition of the team from Fernie Greaves Chartered Surveyors.

The acquisition will expand Eddisons' presence in South Yorkshire, which provides real estate consultancy services through its existing team headed by Adrian Lunn. The new team from Fernie Greaves, headed by Paul Oddy and George Thompson, will join Eddisons' Sheffield team creating an enlarged team of 13 staff.

The Group will pay a total consideration of £0.25m payable from its existing financial resources. The Fernie Greaves team has typically generated annual fee income of c£0.5m p.a.

Anthony Spencer, Managing Partner of Eddisons, commented:

"The acquisition of the Fernie Greaves team will enhance our existing Eddisons team in Sheffield and broaden our reach across South Yorkshire and the East Midlands. I am very pleased to welcome the team to Eddisons and to the wider Begbies Traynor Group.   

"As we reported in the Group's recent trading update, Eddisons is in a strong position, trading well and we continue to seek opportunities to grow the Eddisons' business, both organically and through acquisitions."

For further information, please contact:

Begbies Traynor Group plc                                         0161 837 1700

Ric Traynor

Nick Taylor

Canaccord Genuity Limited                                        020 7523 8350

(Nominated Adviser and Joint Broker)

Adam James

Shore Capital                                                                020 7408 4090

(Joint Broker)

Mark Percy / Anita Ghanekar

MHP Communications                                                 020 3128 8572      

Reg Hoare / Katie Hunt / Florence Mayo

Information on Begbies Traynor Group can be accessed via the group's website at

www.begbies-traynorgroup.com

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