Lomond Capital, owner of Braemore and Stonehouse Scottish lettings and estate agents, is to merge with Linley & Simpson, a Yorkshire company.
The transaction is funded by LDC, a private equity company.
In so-called “private rental hotspots” such as Brighton, Edinburgh, Leeds, Manchester, Aberdeen and Birmingham, the new company has a combined portfolio of more than 22,000 managed properties and major centers.
In Edinburgh and St. Andrews, Braemore operates, and in Aberdeen, Stonehouse. Following the purchase, all local brands will continue to operate in their respective regions.