Scunthorpe auctioneers looking forward to growing and developing after being acquired

By Scunthorpe Telegraph | Posted: 9 Feb 2018

A Scunthorpe-based industrial auctioneers has been acquired in a deal which has created one of the country's largest professional industrial auction and valuation businesses.

CJM Asset Management, based on Dunlop Way on the town's Queensway Industrial Estate, has been acquired by industrial auctioneers Eddisons.

CJM directors Charles Moses and Paul Cooper will stay on to manage the new business together with Malcolm Good, national head of industrial auctions at Eddisons.

Following the acquisition, all industrial auction and valuation business will be conducted under the banner of Eddisons CJM. 

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Charles Moses, managing director of CJM, said: "With increased demand from both domestic and international clients we have been looking for a partner who shared our values of integrity, transparency and professionalism, and Eddisons tick all the boxes.

"We are really looking forward to growing and developing the industrial auction and valuation business and we are very excited about working with our new colleagues in the Eddisons CJM team."

In a statement on the Eddisons website, Anthony Spencer, partner at the firm, said: "I am very pleased to welcome the CJM team into Eddisons.

"The acquisition will enhance our machinery and business asset disposal expertise, complementing our existing operations.

"This is our third Eddisons acquisition since we joined the group as we continue to seek opportunities for further growth, both organically and by strategic acquisition."

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Mr Good added: "Having known Charles and Paul for many years I am delighted they have joined Eddisons.

"Collectively our sales attract global interest and by combining the expertise of Eddisons and CJM, we reinforce our national capacity as well as expanding our capability to sell complex and high value assets internationally."

CJM Asset Management was formed in November 2000 through a management buy-out by Mr Moses and Mr Cooper, although the company's roots go back to 1889.

Its latest online auctions are set to close on Tuesday, February 20.

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