Meridian

Property franchisor The Property Franchise Group has acquired a 25% stake in residential property surveying firm Meridian for £2.5 million, expanding its presence into the residential surveying market.

Summary of transaction details:

• Value: £2.5 million
• Sector: Business Services
• Advisor: null
• Key Entities: The Property Franchise Group (acquirer), Meridian (target)
• Location: United Kingdom

Note: The acquisition provides TPFG with a foothold in the growing residential surveying segment, complementing its existing property franchising operations and enhancing its service portfolio.