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SimplyBiz completes HIG purchase

by: Paul Robertson
  • 05/01/2015
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SimplyBiz completes HIG purchase
SimplyBiz Group has completed the purchase of Home Information Group (HIG).

Home Information Group  operates under the trading brands of Gateway Surveyors and Sonas Surveyors.

Gateway is a panel manager to the bank and building society sectors and is appointed to all major bank and building society panels, as well as the second charge lending community.

Sonas is the company’s in-house employed workforce comprising 70 employed surveyors operating in England and Wales.

The current management structure will remain in place and be joined by SimplyBiz Mortgages CEO, Martin Reynolds and Matt Timmins, Joint MD of the SimplyBiz Group.

HIG are the 12th company within the SimplyBiz Group and its third acquisition in the past 12 months.

Martin Reynolds, CEO of SimplyBiz Mortgages, said that the acquisition of HIG formed part of SimplyBiz’s strategy to create a wider financial services portfolio of companies.

He said: “We believe that the valuation market will have challenges during the next few years and our future investment in HIG will help to proactively position it as a partner of trust. We are looking forward to working with the lending market to create mutually beneficial partnerships.”

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