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Property consultant Eddisons has strengthened its auction business with the acquisition of SDL Property Auctions.
Led by Managing Director, Andrew Parker, SDL Property Auctions provides auction services for residential and commercial property across all regions of the UK, offering around 2000 lots a year at their monthly live-streamed auctions.
This acquisition sees Eddisons expand its existing auction business and the plan is to integrate SDL Property Auctions under the Eddisons auctions brand post-acquisition, alongside the Pugh & Co and Mark Jenkinson brands.
Their team of 46 employees will now integrate with Eddisons’ existing network of 30 UK offices. On a combined basis it is expected that over 3000 lots shall be offered nationally, making Eddisons one of the largest property auctioneers by volume.
Announcing the acquisition, Anthony Spencer, Managing Partner of Eddisons said:
“I am very pleased to welcome the SDL Property Auctions team to Eddisons. The acquisition significantly increases the scale of our auction business and I look forward to working with Andy and the team in the future. This is the fourth acquisition of the year for Eddisons and we continue to seek further opportunities for expansion across the UK.”
Commenting on the acquisition, Andrew Parker, Managing Director of SDL Property Auctions, said:
“Through our team of talented people who place our clients’ interests at the forefront of everything we do, SDL Property Auctions has developed an award winning reputation for selling property by auction. We are excited to be joining Eddisons and I look forward to working with like-minded individuals to develop the opportunities that the deal presents.”
