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Wed May 29 2024

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Eddisons acquires valuations specialist

3 Oct 12 Chartered surveyors Eddisons has taken over the plant, machinery and business asset valuers Philip Davies & Sons.

The purchase price has not been disclosed.

All staff from the London, Manchester and Nottingham offices of Philip Davies will join Eddisons, increasing the headcount in its Machinery & Business Assets department to 27.

The acquisition means Eddisons will now have an auction centre in the Manchester area, servicing the Northwest & the Midlands, in addition to its existing facility covering Yorkshire and the Northeast which opened at the start of this year.

Eddisons managing director Nigel McDonald said: “This acquisition increases our geographical footprint and means we can now provide banks and insolvency practitioners with valuations and sales of assets, stock and properties on a truly national basis. It is also good news for clients of Philip Davies & Sons who will benefit from our significant range of specialist property services and exposure to an enhanced auction capability.”

Philip Davies managing director Peter Davies said: “I am really excited at the prospect of joining our two businesses together to provide a complete service to our combined client base.  I look forward to working with the staff of both companies to make a real success of this acquisition.”

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