National property valuation firm, LMW (ASX: LMW), today announced it will merge with Taylor Byrne. The acquisition further cements LMW’s position as the largest ASX-listed valuation services business and accelerates LMW’s regional footprint throughout the eastern seaboard of Australia.
Timothy Rabbitt, Taylor Byrne’s Managing Director said: “This transaction represents an exciting next step for Taylor Byrne. Our employees and clients stand to benefit from the combined capacities of the two businesses, and we very much look forward to working with LMW to build a much larger property services business.”
Chris Coonan, LMW Chief Executive Officer said: “In line with our previously stated acquisition strategy, we have continued to evaluate opportunities for growth. We are conscious of the benefits of expanding a geographical footprint, and Taylor Byrne is an ideal fit for that goal. We eagerly look forward to delivering the benefits of additional scale, capacities and sustainable earnings growth for our shareholders, and providing a more personalised and streamlined service for our clients”.
With the acquisition of Taylor Byrne, the Company increases its geographic footprint, further supporting LMW’s growth in market share in the residential, commercial and statutory segments along with the introduction of a strong rural division.
The merged business operates throughout Australia, employing 450 people.
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