GRAHAM + Sibbald has completed the acquisition of Fleurets, a specialist leisure sector property consultancy.
Fleurets has two centuries of experience in hotels, pubs, restaurants, nightclubs and leisure assets. Its team includes agents and surveyors across England and Wales.
Since its foundation in Dundee in 1959, Graham + Sibbald has grown across Scotland and into key cities south of the border. The firm prides itself as a ‘market-leader’ in the valuation of hotels, pubs and restaurants, and works with many large hotels, leisure groups and independent operators. This position will be further strengthened with the addition of Fleurets.
To ensure a smooth transition for employees and clients, Graham + Sibbald and Fleurets will continue to trade as separate entities for an initial period before becoming fully integrated under the Graham + Sibbald brand.
The acquisition contributes to a combined business with more than 400 employees operating out of 25 locations. It follows an equity injection into the business from Foresight Group last year, which supported other recent acquisitions including JMP Construction and Property Consultants and its sister company SID Asset Management, as well as Aitchison Raffety.
Les McAndrew, CEO at Graham + Sibbald, said, “Fleurets brings with it an invaluable 200-year history of expertise, trust and solid relationships in a key growth sector for our business. While Graham + Sibbald has an established presence in hospitality and leisure, our combined offer will enhance this with more specialist consultants in key locations across England. We look forward to welcoming our new colleagues from Fleurets into the fold.
“This acquisition is the third in an unprecedented period of growth for Graham + Sibbald. We continue to invest in our strengths while expanding our coverage across the UK – but especially in England. In the past ten months, we have added new service lines, technical expertise and specialist sector knowledge while enhancing our local presence, which has already provided additional value for our clients.”
Paul Hardwick, MD at Fleurets, added, “We are incredibly excited to be joining G+S, a company whose culture is aligned with Fleurets. The board of Fleurets see huge opportunity for significant growth in the hotel and leisure sectors and the combined strength of the two companies and the additional service lines that we can offer our clients will be invaluable. As a company we put our people and clients first and joining G+S will greatly benefit both and accelerate both companies’ growth strategies.”
