Jerroms advise estate agents on management buyout

Solihull-based Jerroms Corporate Finance has advised Paul Carr Estate Agents on a management buyout.

The deal was led by Paul Carr 's managing director, David Alexander, who has worked in the business for over 10 years, and within the industry for more than 35 years.

Paul Carr Estate agents is the largest independent property services business in the West Midlands, with branches covering North Birmingham, Sutton Coldfield, South Staffordshire, and North Warwickshire.

They have been operating in the region for more than 40 years.

Paul Carr, founder of Paul Carr Estate Agents said: “The company is in excellent shape, and it felt the right time for me to hand over the company to the existing senior management team.

“Putting in place a succession plan that ensured continuity for our staff and customers was crucial and I am confident that they will continue to enjoy great success.

“The on-going advice and support offered by the Jerroms Corporate Finance team throughout this transaction has been invaluable and was handled professionally and seamlessly. ”

Paul Heaven, director, Jerroms Corporate Finance, said: “We are delighted to have played a key part in supporting Paul Carr through the MBO process and glad that we could help support his future ambitions for the business. I am confident through this new structure exciting times lie ahead for the business. ”

Legal support for Paul Carr Estate Agents was provided by Jobsons Solicitors.