LRG Acquires Chancellors Group Marking LRG's Largest Acquisition to Date

LRG (previously Leaders Romans Group) has acquired the Chancellors Group, a leading independent estate agency business operating in 50+ locations across West London, Berkshire, Hampshire, Oxfordshire, Wiltshire, Worcestershire, Herefordshire and Mid Wales, supported by a 450+ strong team of experts.
Chancellors Estate Agency Group, a prominent name in the UK property market, was founded in 1807 by James Cain. The independently run business has expanded significantly. Chancellors offers a comprehensive suite of services, including residential sales, lettings, new homes, commercial, and land and development. With a strong presence across the Home Counties and beyond, Chancellors supports a wide range of clients, from first-time buyers and experienced investors to landlords and tenants. Renowned for its expert knowledge, attention to detail, and commitment to exceptional service, it has been a trusted name for generations.
Chancellors’ acquisition significantly expands LRG's reach in existing and new markets, fuelling its ongoing growth strategy. The group will be retaining the Chancellors brand due to its local strength in the areas in which it operates. All acquired branches will retain their current branding. Notably, this acquisition establishes LRG's presence in Mid Wales, Herefordshire, South Oxfordshire, and the Cotswolds, regions where it previously had no representation.
Robert Scott-Lee, Managing Director at Chancellors, will continue as a consultant during the transition, ensuring a smooth handover. LRG is welcoming the teams at Chancellors, recognising their valuable industry expertise and local knowledge.
Matthew Light, Group Mergers and Acquisitions Director at LRG, commented, "The acquisition of Chancellors, with its 50+ branches, is our largest to date and a prime example of the type of business we are looking to acquire. We focus on acquiring prolific regional agencies with strong local reputations, established multi-branch networks, and significant lettings portfolios. Chancellors perfectly fits this profile, strengthening our market share and expanding our geographic reach.”
Michael Cook, Chief Executive Officer at LRG, commented: "Chancellors joining the LRG team is a fantastic way to start 2025 and a significant step in our five-year growth strategy. Chancellors is an established business, with a significant property management portfolio and a brand with great heritage. Their expertise perfectly complements our existing offerings, and we are particularly excited to establish a presence in new markets like Mid Wales, Herefordshire, South Oxfordshire, and the Cotswolds, expanding our reach and providing our services to a broader client base. We're delighted to welcome the whole Chancellors team to the LRG family and look forward to a successful partnership."