Simplybiz Group has completed its purchase of Home Information Group, its third acquisition of 2014 and the twelfth company within the Simplybiz Group.
Martin Reynolds, chief executive of Simplybiz Mortgages, said the acquisition of HIG forms part of a strategy to create a wider financial services portfolio of companies.
Home Information Group Limited was formed by its management team in 2005 and operates under the trading brands of Gateway Surveyors and Sonas Surveyors.
Gateway is a panel manager to the bank and building society sectors and Sonas is the company’s in-house employed workforce, comprising 70 employed surveyors operating in England and Wales.
The current management structure will remain in place and be joined by Mr Reynolds and Matt Timmins, joint managing director of Simplybiz.
Mr Reynolds said: “We believe that the valuation market will have challenges during the next few years and our future investment in HIG will help to proactively position it as a partner of trust.
emma.hughes@ft.com
