Herron Todd White is merging regional and city operations to create larger state entities
The Announcement:
Australia’s largest independent valuation and property advisory firm has announced a significant corporate restructure set to improve client services and operational efficiencies.
For 30 years, Herron Todd White operated as a network of local-partner-owned valuation offices in locations throughout Australia.
But there are now moves underway to tackle a broad-scale consolidation of offices and head toward a new business structure.
The company is in the process of due diligence before merging its South East Regional Australia and Melbourne entities to create Herron Todd White VIC/TAS.
This latest merger comes in the wake of its multiple Western Australian operations consolidating to create the single Herron Todd White Western Australia entity in 2020 along with NSW&ACT in 2019.
“This is just the beginning of what will be a significant shift in our corporate structure,” said HTW CEO, Gary Brinkworth.
Mr Brinkworth said a strategy to see more regional offices integrate with capital city operations and create large single state entities would significantly improve the company’s operation and its appeal to employees, partners and investors.
“Herron Todd White’s position as both a legacy business and market leader in Australian property advisor is already well established.
“These moves go further in strengthening HTW as a destination brand for people and clients.
“As more mergers come to light, Herron Todd White will evolve into a very significant multifaceted business with the ability to drive excellence, provide career pathways, and to have a level of market intimacy and expertise unparalleled in the Australian valuation industry today.”
Source: Bricks & Mortar Media
