Three property firms have been brought together in a major merger and acquisition.
Residential sales and lettings in Grimsby have been added to the pan-Humber commercial offering of Scotts Property, as the double deal completed.
Long-established town estate agency business Canters has been brought into the fold, while acquiring residential letting and managing agents Chisholm and Co.
It also unites three family members in one over-arching group. James Chisholm is partner in Canters, with brother Ed a partner at Scotts. Their father Andrew runs Chisholm and Co, and will remain in a consultancy position as it rebrands under the Canters umbrella.
Managing partner at Scotts, Lawrence Brown, said: “Scotts has an unrivalled reputation across the Humber region for providing common sense practical advice regarding commercial property. Over recent years we’ve increasingly been called on to assist clients with their residential property holdings but have never had a clear outlet for doing so.
“These opportunities have come along at just the right time.”
The deal was agreed in the new year, but put on hold when the coronavirus pandemic hit.
“We’re still keeping the separate brands for which we’re known,” Mr Brown said.
“Scotts will advise on commercial property and more corporate consultancy whilst Canters will deal with face-to-face enquiries for housing – whether it’s to buy or to rent.”
As part of the deal James Chisholm becomes a partner in the enlarged firm, joining Mr Brown, Tim Powell and Ed Chisholm.
He said: “Canters has been in Grimsby since the 1940s and we have a proud heritage. As far as our clients and customers are concerned, nothing is changing. We’re still keeping the name, our distinctive branding and our great customer service but by being part of a larger organisation we will have the support of a great team with superb administrative skills which means we can grow the business to achieve even more sales.”
The Bethlehem Street business, launched in 1946 by John Canter, will move to Scotts’ base in Town Hall Street.
Scotts was established in Hull by Malcolm Scott in 1990, with a Grimsby office opening in 1996. Mr Brown went on to head that addition, eventually taking over the firm.
In February it relocated its Hull office to the Fruit Market.
Second generation Barnie Canter had followed in his father’s footsteps, and had been joined by David Keay and then James Chisholm. Both Mr Canter and Mr Keay have retired, with the former understood to have retained the town centre agency premises.