National chartered surveyor and property consultancy Sanderson Weatherall has acquired a Birmingham practice to bolster its existing network of nine offices ranging from Newcastle to Bristol.
The acquisition of PNF Chartered Surveyors will enable the £14m turnover firm to further implement its nationwide growth strategy across ten offices whilst providing immediate access to commercial opportunities in the Midlands. The value of the acquisition is undisclosed.
Sanderson Weatherall employs around 200 people. In addition to Newcastle and Bristol, the firm’s other regional offices are located in Teesside, Darlington, York, Leeds, Manchester, Exeter and London.
PNF has been immediately rebranded Sanderson Weatherall. The acquisition also sees owner Peter Fowles – who set up the Birmingham office of Sanderson Weatherall predecessor Weatherall Green & Smith in 1992 – join as partner and head of office. The firm will grow the Birmingham team by appointing additional chartered surveyors to work with Peter.
Commenting on the deal, Sanderson Weatherall finance director, Martin Archer, said: “This is an important strategic acquisition for the firm as it means we now have offices in all key regions. It allows us to deliver our distinct integrated approach to the provision of chartered surveying and property consultancy services to clients in the Midlands with local, regional or national requirements.
“The region has a real confidence about it, and presents significant opportunities, so we are very pleased to have been able to acquire PNF. Thanks to Peter’s hard work and expertise, he has an excellent reputation and an established client base which were both significant factors in the acquisition process.
“We are now looking forward to working with him to build upon these firm foundations with the approach, specialisms and national network that Sanderson Weatherall provides.”
Peter’s areas of expertise are property and asset management, valuation, agency and general practice whilst PNF clients include YMCA, PwC, Eversheds, Wesleyan Assurance, Enterprise Rent-A-Car, Nationwide Windows and high net worth property investors.
Peter said: “Sanderson Weatherall has ambitious plans for the Midlands which will see the firm quickly establish its brand throughout the region. Becoming part of the practice creates an immediate raft of new business opportunities and provides our clients with direct access to previously unavailable expertise.
“These are exciting times for the property sector in the Midlands and I am looking forward to working with other Sanderson Weatherall offices to expand the firm’s activities both within the region and beyond.”