The Birmingham lettings firm has bought into the 55th Deal agencies

Estate agency and lettings business Lomond has announced the acquisition of Xact Lettings, marking its 55th acquisition in just three years.

The acquisition of Xact Lettings, a key player in the Birmingham rental market, will further strengthen John Shepherd’s Lomond regional brand.

With this acquisition, John Shepherd will take over 100% of Xact Group’s rental operations, expanding its portfolio to 8,000 properties under management.

Lomond CEO Ed Phillips said: “The Midlands has been one of the strongest performing regional markets in recent years and remains a strong area of ​​interest for Lomond and our John Shepherd brand as we look to execute our ambitious growth strategy.

“Having identified Xact Lettings as a key competitor in the region, we are delighted to now add the weight and expertise of the company’s lettings arm to the Lomond portfolio and this will only strengthen our presence as one of the leading companies in the Midlands market . .”

John Shepard CEO Richard Crathorne, said: “The John Shepherd brand has long been established as one of the leading forces in the Midlands property market and we pride ourselves on our expert local knowledge, transparency and outstanding customer service. Our latest acquisition will only help strengthen our position as one of the market leaders in the regional rental market and we look forward to helping even more landlords and tenants as the business continues to expand.”