SimplyBiz Group has acquired surveying services provider Home Information Group for an undisclosed sum.
HIG brands include Gateway Surveyors and Sonas Surveyors. Gateway acts as a panel manager while Sonas consists of 70 surveyors working around England and Wales.
The current HIG management team will remain in place, with SimplyBiz Mortgages chief executive Martin Reynolds and joint-managing director Matt Timmins joining the board.
HIG is the third company SimplyBiz has purchased in the past year, following the acquisition of Staffcare and APS Legal in 2014.
Reynolds says: “The acquisition of HIG forms part of our strategy to create a wider financial services portfolio of companies. We believe that the valuation market will have challenges during the next few years and our future investment in HIG will help to proactively position it as a partner of trust.”
HIG chief executive Marcus Radcliffe adds: “Joining the SimplyBiz Group is an exciting step in growing our businesses to its next level. The combined scale and experience of the Group is a major positive for our future dealings with all lenders and panel manager partners.”