National property valuation firm, LandMark White (LMW), today announced the completion of its merger with MVS National. The combined group, trading under the LMW brand, will create the largest ASX listed property valuation services business.
The merger is expected to generate synergies between the two businesses and enable LMW to leverage off MVS’ existing strong service offering through its Australia-wide distribution network. While providing an immediate increase in the scale of LMW’s residential, commercial and government divisions, the merger creates a solid platform for new service offerings into previously untapped markets.
Chris Coonan, LMW’s Chief Executive Officer said: “We are tremendously excited to bring together these two businesses. The merging of LMW and MVS helps accelerate our expansion strategy in the national property services market and allows us to build on the success and strength of both organisations. This will undoubtedly enhance outcomes for all stakeholders.”
Mr Coonan commented: “The obvious strategic and cultural fit between LMW and MVS gives us a scale and depth of expertise that will make our client service delivery capabilities second to none.”
Over the coming months, LMW will work closely with MVS entities to transition to common business systems and branding.
The merged business will operate throughout Australia, employing over 300 people.
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