What's Happening?
Graham + Sibbald, a chartered surveyor and property consultancy firm, has acquired English property consultancy Aitchison Raffety. This acquisition results in a combined business with over 370 employees operating across 26 locations in the UK. The deal, financed through a private equity arrangement with Foresight Group, increases Graham + Sibbald's annual revenue from £25 million to approximately £35 million. Founded in Dundee in 1959, Graham + Sibbald has expanded its operations across Scotland and into several English cities. Aitchison Raffety, employing more than 100 staff, has offices in Birmingham, Manchester, London, Northampton, and Bristol. The acquisition aims to enhance Graham + Sibbald's service offerings across the UK, responding to client demand for a fully serviced business. The firms will initially continue to trade separately before fully integrating under the Graham + Sibbald name in early 2026.
Why It's Important?
The acquisition of Aitchison Raffety by Graham + Sibbald marks a significant expansion in the UK property consultancy market. This move is expected to accelerate growth and broaden service capabilities, benefiting both existing and new clients. By consolidating resources and expertise, the combined entity aims to become a leading player in a fragmented market. The deal highlights the ongoing trend of consolidation within the property consultancy sector, driven by the need for comprehensive service offerings and increased market presence. This expansion could lead to enhanced competition and innovation in the industry, potentially influencing property management practices and consultancy services across the UK.
What's Next?
Following the acquisition, Graham + Sibbald and Aitchison Raffety will continue to operate as separate entities for an initial period. The full integration under the Graham + Sibbald name is scheduled for early 2026. This transition period will allow both firms to align their operations and strategies, ensuring a smooth merger process. Stakeholders, including clients and employees, can expect expanded service offerings and improved market reach. The integration process will likely involve strategic planning and resource allocation to maximize the benefits of the acquisition. As the firms merge, they may explore further opportunities for growth and expansion within the UK property consultancy market.
Beyond the Headlines
The acquisition reflects broader trends in the property consultancy industry, where firms are increasingly seeking mergers and acquisitions to enhance their competitive edge. This strategic move by Graham + Sibbald could set a precedent for other firms looking to consolidate their operations and expand their market presence. The integration of Aitchison Raffety's expertise and local relationships with Graham + Sibbald's established brand could lead to innovative service offerings and improved client satisfaction. Additionally, the deal underscores the importance of private equity in facilitating industry growth and transformation.
