The contractor and housebuilder’s partnerships arm has announced the acquisition of the £62m-turnover Strategic Team Group, based in Dukinfield and Yorkshire.
Strategic Team Group specialises in housing and currently employs 120 staff across its two offices, and has 23 projects currently under construction. Following the acquisition, STG will trade as Galliford Try Partnerships Yorkshire from 1 July this year.
STG’s leadership team will also remain in place. As well as housing, the company delivers commercial, retail, transport, and care projects. Clients it has worked with in the North West include Adactus Housing Group.
Stephen Teagle, chief executive of Galliford Try Partnerships, said: “We are really excited to have reached agreement with Strategic Team Group, which is a great fit for our growing business. It will enable us to expand our regeneration offering and help accelerate delivery in Yorkshire and the North West.
“As we grow, we will continue to offer exciting employment opportunities and bring together the skills across the business to deliver high quality developments. We look forward to working with new and existing clients to bring forward the supply of more homes.”
Andy Watson, managing director of Strategic Team Group, added: “Galliford Try Partnerships are an excellent fit for STG and we believe the deal will help to accelerate growth in areas where we see real opportunity for housing supply, helping to deliver development objectives for clients.”