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Eddisons, the real estate services advisory division of Begbies Traynor Group plc, expands its Sheffield operations with the acquisition of the Fernie Greaves Chartered Surveyors team.

The transaction will expand Eddisons’ presence in South Yorkshire, where the company provides real estate advisory services through its existing team led by Adrian Lunn.

Fernie Greaves ‘new team, led by Paul Oddy and George Thompson, will join Eddisons’ Sheffield team and add 13 employees.

The group will pay a total of £ 0.25 million, payable out of its existing funds. Fernie Greaves’ team has typically had annual fee income of around £ 0.5 million per year.

Anthony Spencer, Managing Partner of Eddisons said: “The acquisition of the Fernie Greaves team will enhance our existing Eddisons team in Sheffield and expand our reach in South Yorkshire and the East Midlands.

“I am very excited to welcome the team to Eddisons and the broader Begbies Traynor Group.

“As we reported in the group’s latest trading update, Eddisons is in a strong position, is doing well and we continue to seek ways to grow Eddisons’ business both organically and through acquisitions.”