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LSL completes TenetLime acquisition

  • 05/02/2024
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LSL completes TenetLime acquisition
LSL Property Services has completed the acquisition of appointed representative (AR) network TenetLime.

The acquisition was announced in August last year after Tenet Group announced a strategic review of its business which included the disposal of its networks. LSL acquired 133 AR advisers in the process. 

The acquisition completed on Friday. 

Jon Round, group financial services director at LSL, said: “I am delighted to welcome the TenetLime businesses and advisers into the Primis Network. It has been a real pleasure for myself and my colleagues to meet so many of the Tenet advisers at our recent series of regional events and we look forward to supporting their 2024 plans.  

“Primis has seen significant organic and acquisitive growth over many years, and I am pleased to be able to extend the Primis proposition to yet another set of firms and advisers.” 

In a trading update last week, LSL said its financial services network division has seen a growth in its market share of the purchase and remortgage sector to 10.7 per cent in 2023.  

It also pointed to the impending completion of the TenetLime buyout, saying the business was “on track to deliver the planned business benefits.” 

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