01/06/2017 - 14:33

LMW grows with MVS National buy

01/06/2017 - 14:33

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ASX-listed property valuation firm LMW has merged with competitor MVS National, with the combined entity to operate under the LMW brand.

LMW grows with MVS National buy
Chris Coonan says the merger will enhance outcomes for all stakeholders.

ASX-listed property valuation firm LMW has merged with competitor MVS National, with the combined entity to operate under the LMW brand.

The merged company will employ 300 nationally, including the 100 LMW staff based in Western Australia according to BNiQ data.

 “The merging of LMW and MVS helps accelerate our expansion strategy in the national property services market and allows us to build on the success and strength of both organisations,” LMW chief executive Chris Coonan said.

“This will undoubtedly enhance outcomes for all stakeholders.

“The obvious strategic and cultural fit between LMW and MVS gives us a scale and depth of expertise that will make our client service delivery capabilities second to none.”

LMW operated as a joint venture in WA with Hegney Property Group from 2006 until 2015, when it acquired 10 per cent of the WA operation and rebranded.

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