Andrew Teacher’s Blackstock Consulting has been acquired by Montfort Communications.
The combined business will staff more than 60 professionals, serving over 100 domestic and international clients, and will co-locate to a new central London office in H2 2022.
Blackstock was set up a decade ago by Teacher, a former spokesman for BAA and the British Property Federation. He also sits on the Urban Land Institute’s UK executive committee and is a patron of the charity Norwood.
Teacher will become managing director for real estate and ESG at the combined firm.
As well as corporate and financial communications, Blackstock is known for its research, policy and analysis team that has produced high-impact reports for firms including Savills, Willis Towers Watson and Colliers on subjects such as housing, 5G, life sciences and climate risk. The firm has expanded the team in recent years to include planning and ESG advisory.
Hugh Morrison, founding partner at Montfort, said: “Andy has built an excellent team at Blackstock. Together we will create solutions and build reputational capital for industry leaders, global real estate players, private equity and private wealth, as well as the broader asset management industry.
“Montfort will also leverage Blackstock’s policy, ESG and digital expertise across our wider international client and referrer base. This is a transaction which will deliver huge value for the clients and teams within both businesses.”
Teacher said: “I am enormously proud of our team at Blackstock and the work that we do for our clients. The real estate investment landscape has transformed dramatically over the past few years, with technological and demographic forces driving the emergence of new asset classes and impacting the way we interact with the built environment.
“We chose Montfort as a result of their similar ethos, passion for their clients, strong leadership team and great momentum. The operationalisation of property sectors, such as residential and offices, requires a change in thinking and approach from investors. As a key practice group within Montfort, we will be able to expand our scope and client base of cutting-edge businesses, helping them navigate the blurred lines between dealing with investors, policymakers and, increasingly, customers.”
Tom Roberts, co-owner at Blackstock, said: ‘This transaction reflects a wider industry shift towards clients seeking advisers that offer genuine strategic consultancy and in-depth sector expertise. We see significant opportunities ahead for both our clients and colleagues arising from combining two businesses with such a track record of success and great momentum.’
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