Credit Referencing Company Expands With New Acquisition

Barbon Insurance Group (BIG), the parent comany of Letsure and Homelet, has acquired competitor Rentshield.

The firm, which has a strong customer base across South-West England, was established 5 years ago and handles 60,000 tenant references a year.

Gary Abraham, Managing Director of Rentshield stays with the business that he founded. He said: “This is a great opportunity for Rentshield to benefit from the investment and management expertise of a bigger, well-respected organisation with expertise in the lettings sector, whilst also being able to continue to operate autonomously from our Devon offices.”

Martin Oliver, BIG’s CEO, said: “Although part of our lettings division, Homelet and Letsure operate as competing businesses. As a result, they have driven up service standards and are now widely recognised as market leaders. The acquisition of Rentshield will reinforce Barbon’s unrivalled position at the top of the lettings industry.”

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