Begbies Traynor (AIM:BEG) has acquired Kirkby Diamond and Kirkby Diamond Property Management for up to £8.25 million, as it continues to scale its Eddisons property advisory division.
Kirkby Diamond operates from five offices across Milton Keynes, Bedford, Luton, St Albans, and Enfield – all new locations for the group – and brings 62 staff, who generated £6.2 million in revenue and £1.1 million in pre-tax profits for the year to 31 January 2025.
The transaction includes an initial £5 million payment and an earn-out of up to £3.25 million tied to future performance.
Begbies says Eddisons’ annualised revenue should now exceed £50 million.
Ric Traynor, executive chairman, said: "The acquisition is in line with our strategy to develop our property advisory and transactional services division by enhancing and broadening our service offerings and geographical coverage."
Shares in Begbies rose almost 2% in early trading to 109.5p.