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Leaders and Jordans bridge North-South divide

publication date: Jan 3, 2013
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Robert Jordan, Founder, Jordan'sTwo lettings specialists – Leaders and Jordan’s – have come together in an unusual deal which completed on 31st October.

The holding company of fast-growing lettings chain Leaders, Leaders Letting Ltd, has acquired a 75 per cent shareholding in Residential Holdings Limited, the company that owns Jordan’s Residential Lettings Limited.

Backed by Bowmark Capital, a private equity investor, both Leaders and Jordan’s will look for opportunities to expand their branch networks further by acquisition within and beyond their existing territories.

Jordan’s founder and chairman, Robert Jordan (right), has retired from Jordan’s but will have a consultancy position with the business.

William Jordan, MD, Jordan'sHis son, William Jordan (left), will remain as a shareholder in Jordan’s and continue as its Managing Director.

Leaders’ Managing Director, Paul Weller (bottom right), said, “We are delighted to be working alongside Jordan’s in this unique way and look forward to a very successful future together.

“Robert worked closely with Leaders’ founder – my father in law, Neville Lee, in their roles together at ARLA, with Robert succeeding Neville as President of ARLA. Robert’s reputation, knowledge and experience in the industry are, of course, considerable and we are particularly pleased that he has agreed to take up an ongoing consultancy role with us.”

Unusually, Jordan’s will not be absorbed into Leaders but will continue to operate as a self-contained corporate entity. “We are extremely confident about the future of both businesses following this transaction,” says Paul.

Paul Weller, Managing Director, LeadersRobert Jordan said, “This year I will be 69 and the time has come for me to step back. I am excited for the future of Jordan’s alongside Leaders, a firm I have known and respected for 20 years.

“I am very proud of what has been achieved within Jordan’s, and my thanks go to all staff past and present for making it a business that others try to emulate. I know that I am leaving it and its clients in safe hands. The future expansion of Jordan’s, coupled with the already extensive branch network of Leaders, will provide fantastic opportunities for Jordan’s employees and for anyone seeking a career in residential lettings throughout the country.”