DETAILS
- Trade Sale
- October 2022
- Value: Undisclosed
Family-run estate and lettings agency Matthews of Chester was launched and managed by Tim and Sue Matthew until their retirement in 2012. Since then it has been run by daughter Rebecca and husband Kevin O’ Reilly who have now also chosen to retire after completing the smooth handover of their business to Thornley Groves, part of The Lomond Group.
The deal sees Matthews’ rental portfolio of 380 properties, a growing residential sales arm, plus a team of more than 12 people, all transfer to Thornley Groves.
WHAT THEY SAY
“Cleveland Scott gave us great comfort to be able to embark on selling our family business. They consistently went above and beyond over a long period of time to ensure they got the best possible outcome for us. They never wavered, always providing sound judgement and solutions to the inevitable issues associated with splitting the business into two companies. Their adaptability and perseverance in dealing with two very different buyers, one being private equity backed and the other being an international trade party, was unquestionable. They ensured a positive relationship was maintained between us and the buyers throughout the deal and worked extremely well with our external accountants and legal advisers to keep the deal on track. They are exactly the kind of advisor you would want in your corner.”
Kevin & Rebecca O’Reilly
Former Owners, Matthews of Chester Limited
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