Carter Towler has acquired Durham-based Ashley Smith Chartered Surveyors. The purchase is a significant move for the company as it strengthens our leading position and extends the range of services we can offer to clients in the North East.
Commenting on the acquisition, Matthew Faulkes said: “We are absolutely delighted to have concluded this acquisition. Our client base has expanded significantly across the North and North East in particular over the past few years and we have been looking for a strategic partner to work with there for some time.
“There are many synergies between the two businesses; both are well established, Ashley Smith for over 30 years and Carter Towler can trace its roots back to the 1940s. Whilst building up our businesses we have both continuously evolved and adapted, and our ethos and processes are aligned.
“Stephen Smith, his son Lewis and the team at Ashley Smith will be a great asset and will act as an extension to our own Agency and Property Management offerings. We’re looking forward to introducing both existing and new clients to the additional resources we now have.”
Stephen Smith of Ashley Smith added: “I’m really pleased we are joining Carter Towler and will be working alongside such a talented team of surveyors and property managers. There’s a great fit and we’re delighted to be part of such a professional and highly regarded business.”