Ryder & Dutton will now be part of a network of branches covering Lancashire, Manchester, Leeds and Derbyshire, having been taken over by Manning Stainton
Manning Stainton has acquired the county’s largest independent estate agent with an aim to “dominate the industry in the north.”
Rawtenstall based Ryder & Dutton, which also has branches across Greater Manchester, will now be part of a network of branches covering Lancashire, Manchester, Leeds and Derbyshire, having been taken over by the Yorkshire firm.
The new combined company is expected to generate a turnover of nearly £25 million and will employ nearly 450 people.
New group managing director Mark Manning said: We have much in common with Ryder & Dutton, both home-grown and well established in our respective regions, with shared core values. The value in the estate agency industry is within its people, and combined, we have the best people in the business.
One of the core principles of the enlarged Group is to respect the heritage and reputation of each of the brands, whilst we make the most of this landmark opportunity to bring all our strengths, skills and intricate knowledge of the regional market under one roof, he said.
Strategically, this is a powerful combination, and our senior team is set on delivering our plan to improve and further dominate the estate agency industry in the north, Manning said.
The senior management groups across both companies will remain in place, while the combined company will also include an expanded mortgage business which will include a team of more than 30 advisors providing mortgage services.
Ryder & Dutton managing director Richard Powell said: This is the coming together of two like-minded businesses who can really move the Northern estate agency sector forward and take more market share in each region. We’re building our businesses while retaining our successful local approach.