Brown & Co, a provider of professional rural, agricultural, commercial and residential services across eastern England, has acquired Huntingdon-based rural practice Alexanders.
The transaction, which took effect from 18th December, is seen as an excellent fit. It will enable Brown & Co to extend its market reach in the area surrounding the A14 and A1 corridors, two of the UK’s key road links, and build on the shared strengths and values within the long-established Alexanders rural practice.
Charles Whitaker, Brown & Co managing partner, said: “Land, property and agriculture are at the core of our business and we seek to continue to expand our geographic reach with like-minded professionals and provide value and growth to our clients businesses, both locally and further afield.
“The primary aims are to build on the land agency and agricultural consultancy offering from this location and with the addition of our Ely office team, grow the depth and breadth of expertise for our clients.
“The addition of the Alexanders utilities and referencing experience along the A14 and A1 trunk roads is a valuable addition to our overall business.”
Alexanders’ managing partner, Michael Alexander said: “The merger will bring about a clear succession route for my business and secure the future of the Huntingdon-based practice. The scale of Brown & Co gives more opportunity to attract and retain the best young people coming into the profession and qualified staff who share our joint vision for growth and the opportunity to take part in achieving it.”
The new office will appear as Brown & Co incorporating Alexanders. Mr Alexander will become an associate partner at Brown & Co, as will partner David Sinfield, while chartered surveyor James Bailey will become a senior associate.
Brown & Co’s existing Ely-based team, divisional partner Chris Purllant and senior associate Tim Young, will move to the Huntingdon office in early 2015. The transfer is part of Brown & Co’s consolidation programme to create larger, stronger offices that can offer an increased breadth and depth of services and expertise for clients, while supporting larger teams to provide for ongoing growth and career development within the firm. Mr Purllant specialises in farm agency, valuation and machinery auctions and Mr Young specialises in farm business management.
This acquisition follows the purchase of Banbury-based Berry Morris chartered surveyors in April this year and comes hot on the heels of the launch of Agri-AM, a joint venture company between Brown & Co and Dexion Capital to provide an agricultural asset management platform for institutional capital allocations to farmland and farmland operation in the UK, US and CEE.