The Property Franchise Group has completed the acquisition of a 25% equity interest in Meridian, the parent of Legal & General Surveying Services (LGSS), in a £2.5m deal.
The investment in Meridian extends The Property Franchise Group's platform into residential surveying, in addition to its core franchise and financial services activities.
LGSS provides valuation, panel management, survey and assisted AVM services to a portfolio of bank, building society and specialist lender clients. LGSS is owned by Meridian, which was formed in 2025 as the acquisition vehicle through which LGSS was carved out of Legal & General Group plc in November 2025.
Gareth Samples, CEO of The Property Franchise Group, commented: "We are delighted to have taken a strategic minority stake in Meridian, the owner of Legal and General Surveying Services, a business with deep heritage, strong lender relationships and a clear runway for growth following its recent separation from Legal & General.
"Residential surveying is a natural adjacency to our franchise and financial services divisions, and this investment further strengthens TPFG's participation in the mortgage value chain while maintaining our strong balance sheet position.
"We look forward to working with MD, Richard Sexton, and the Meridian team and will continue to pursue complementary acquisition opportunities that strengthen the platform and generate accretive returns for shareholders."
Richard Sexton (pictured), managing director of Legal & General Surveying Services, added: "TPFG is a natural strategic partner for LGSS. Their reach across the UK residential property market, combined with their established mortgage distribution networks, is highly complementary to the services we provide to our lender clients. This investment provides additional firepower for our growth."
