Two major independent property firms are set to merge to form a £41 million turnover multi-discipline group with a network of offices throughout the UK.
Fisher German, which has offices in Chester and Knutsford, is to join forces with Vine Property Management which manages 51 million sq ft of retail, industrial and office property.
The deal follows 12 months of negotiations and the new group will trade under the Fisher German banner from the start of 2020.
Vine Property Management is marking its 25th anniversary this year, and currently manages assets worth over £2.5 billion.
As part of the deal, Vine co-founder James Rigby will join Fisher German as a partner. Vine’s 10 offices and 100 staff will also be retained.
Andrew Bridge, managing partner of Fisher German, said the deal expanded the reach and expertise of both companies.
“We have been looking to grow Fisher German and to further expand our presence in the commercial sector, and Vine Property Management will not only bring a proven track record and new disciplines to expand our current commercial offering but will also take us into new geographical areas allowing for further growth.”
He added: “From that commercial point of view, it is a perfect fit but it soon became clear as we advanced talks that the two companies share a belief in ethos, values and levels of customer care which only adds to the strength of the new group.”
James Rigby commented: “We have watched the impressive sustained growth of Fisher German over recent years and believe by coming together we will equal more than the sum of our parts.”
He added: “We are very excited to have found a perfect partner both in terms of the services we offer, but also the common approach in the way we work with, and for, clients.”
Springboard Corporate Finance, Cooper Parry and Browne Jacobson acted as advisors on the transaction.