Liverpool property firm Berkeley Shaw Real Estate expands its footprint into Cheshire with a new acquisition – weeks after securing a seven-figure working capital loan. Tony McDonough reports

Berkeley Shaw Real Estate has completed the purchase of Adams Estate Agents in Cheshire – its third acquisition in the past few months.

In January Liverpool-based Berkeley Shaw secured a seven-figure working capital loan from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.

It said the money would be used to support future growth ambitions. This latest deal, the value of which was not disclosed, comes after the recent acquisitions of Preston-based PR Lettings and well known Maghull estate agency Ian Crane.

Buying Adams extends the Berkeley Shaw footprint into the Warrington, Widnes and Runcorn sales, lettings and now block management markets. It increases the size of the business by 50%.

Managing director John Baybut said: “Joining Adams with Berkeley Shaw means we can introduce block management, surveying and commercial property management to Cheshire whilst opening wider career opportunities for our current and new colleagues.

“All this whilst remaining part of an independently owned real estate business which both sets of clients value so highly.

“I want to extend a warm welcome to all our new colleagues from Adams and I am very much looking forward to working with such an experienced and successful team.”

Adams has offices in Runcorn, Widnes and the Warrington suburb of Stockton Heath, and the deal brings 25 new colleagues into the Berkeley Shaw fold, taking the firm’s headcount to more than 60.

The deal will see Adams rebrand to Adams Real Estate in the coming months, reflecting the wider property-related services now on offer to its clients. The firm was founded by Michael C Adams in the 1990s.

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“I got to know the Adams team well because they’ve just handled both the sale of my existing home and the acquisition of my new one, so I experienced their professionalism first hand,” added John.

“Of course, extending our geographic reach on my personal doorstep was an attraction, but so was their independent ethos and can-do attitude.”

Adams’ managing director Damian Morris-Adams, also said: “It was important that Adams Estate Agents continued under the leadership of someone who shares our values, principles, and commitment to exceptional service.”