Estate agency Gibbons Richards announced it has changed ownership after its sales offices were bought by internal managers within the firm.
Its three sales offices in Taunton, Bridgwater and Wellington have now been sold to Ben Grant and Nick Girone-Maddocks, who both managed the Bridgwater and Wellington offices respectively.
They purchased the business from previous directors Mark Gibbins, Marc Richards and Simon Evans, who will now remain with the group as consultants.
Grant has worked at the firm for 17 years, while Girone-Maddocks has been with the group for over ten years. The company, which was founded in 1991, currently employs 24 staff across its offices.
Gibbins said: “We have all reached a time in our lives when we want to step back from the front line of the business.
“It’s a business we remain very passionate about and we wanted to make sure that it was in good hands going forward both for our clients and our existing staff.”
He added: “We are absolutely thrilled to pass the baton to Ben and Nick, who are both trusted and long-standing members of the Gibbins Richards family.
“We know that they have the energy and enthusiasm to take the business from strength to strength.”