Acquisitions
Acquisitions
Execulets Limited:
Purchased November 2023
In November 2023, we proudly acquired Execulets, a well-established brand with over 20 years of history. The previous owner decided to retire, presenting us with this exciting opportunity. Our initial plan was to maintain the Woodthorpe office to expand our presence to the other side of the city. However, after several months, we faced the unexpected departure of a key team member. This led us to make the strategic decision to integrate the business into our current office, as we no longer had an office manager in Woodthorpe who was familiar with their services and properties.
JP Lettings and Property Management:
Purchased October 2022
JP Lettings was acquired in 2022 having worked on the aquisition with the previous owner for nearly 2 years prior to completing. The previous owner was looking to emigrate to Australia in 2020 when the first Coronavirus lockdown came into force and Australia shut its boarders and stopped its VISA’s being processed for a long while after. Tristram’s continued communications with JP Lettings until we managed to complete in October 2022. This was a share purchase agreement for which we purchased 100% of the shares from the previous owner. When purchasing the company we decided our Bramcote property management department would be best placed to look after this portfolio with the high level of service this team offers and close the Ruddington office. Tristram’s are now growing this portfolio of properties offering a fantastic service to all the JP Landlords and Landladies who are continuing to bring more properties over to be managed by us.
Express Sales & Lettings:
Purchased April 2022
Tristram’s were delighted with the purchase of Express Sales & Lettings in April 2022. Express was our first purchase of a medium sized agency. Express was an extremely well ran company with committed landlords and committed employee’s. Express offered a sales and lettings presence in the NG5 presence but due to the most valued employee going onto maternity leave, we decided to also bring the Express business over to Bramcote to be well looked after by our Property Management team.
Lloyd Wright Lettings:
Purchased November 2021
Tristram’s were chosen above other agencies to be the buyer of Lloyd Wright Lettings. Unfortuantely the owner of the business had passed away and so the daughter had acquired a business that she did not want to carry on herself and wanted to sell the business onto a reputable company who would be able to look after her fathers landlords. Tristram’s were chosen from a pool of other agents, as the owners daughter knew the landlords would be best placed and well looked after by the Tristram’s team. Lloyd Wright Lettings was a small agency who landlords loved having their one point of contact with the owner of that business. Thankfully as Tristram’s also offer a one point of contact service to our landlords the Lloyd Wright Lettings landlords were more than happy with the move over to Tristram’s.
Hero Lets:
Purchased November 2020
Hero Lets was a small agency purchase with only a handful of properties under management. The Owner of Hero Lets was struggling to make an income out of the business so had decided to move onto other things. Tristram’s were chosen as the purchasers for the business because the previous owner was confident in our ability to look after her clients.
Harriet Ranger Lettings and Property Management:
Purchased 2016
Tristram’s acquired a medium sized portfolio from Harriet Ranger as the owner was emigrating to Canada. Tristram’s had dealt with the owner of Harriet Ranger on a few matters with the letting of properties to which helped the owner feel confident in our ability and offered us to purchase her business. Tristram’s only being a year old jump at the opportunity to help boost our growth.
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