Directors at Isle of Wight estate agent, Hose Rhodes Dickson, have said that it will 'always be a local company' - despite an imminent buy out by a major mainland property group.
The company - which has been an independent agency for more than 30 years - is joining forces with Leaders Romans Group (LRG).
Jeff Hose and Mark Rhodes founded Hose Rhodes in the summer of 1990 and opened the first office in Ventnor, before Richard Dickson joined the team and Hose Rhodes Dickson was founded.
LRG is one of the UK’s largest property services groups, originally formed by the merger of Leaders, Romans and Boyer in 2016, but has since been joined by many other brands and disciplines. Backed by private equity firm, Platinum Equity, it has a network of over 219 branches across the country, employing over 2,600 people.
Despite the mainland merger, Regional Lettings Director, Matthew White, Regional Sales Director, Marcus Waldron and Director of New Homes and Commercial Property Sales, Jamie Busby - who are staying with the company in their roles - insist Hose Rhodes Dickson will remain local.
Founders, Jeff Hose, Mark Rhodes and Richard Dickson have all retired.
In a joint statement, the directors, said:
“We can confirm that we have agreed to a partnership with Leaders Romans Group, which is due to complete next month.
"We want to reassure our customers and the residents across the Isle of Wight that any change of ownership will not affect our name, our values or our knowledgeable local team.
"Our customers can expect the same high-quality service at every point of their experience with us.
"Hose Rhodes Dickson will always be a local company, led by Isle of Wight based directors, who are committed to supporting the community.”
The company has offices in Newport, Ryde, Cowes, East Cowes, Shanklin, Freshwater, Bembridge and Ventnor.
It remains unclear at this time if the number of staff will be reduced.
It's understood that the independent 'in-house' financial services, Jon Shears Mortgage Advice - which is currently based at HRD's Newport office - is seeking new premises.
HRD Auction Rooms has said it is not affected by the takeover.
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