Galliford Try

Galliford Try Partnerships to acquire northern developer

Galliford Try Partnerships has agreed a deal to acquire contracting and land-led developer Strategic Team Group (STG).

The purchase will support the regeneration specialist’s strategy to target growth in regions around the country to increase new home supply.

STG — which is based in Yorkshire and the North West — delivered over 500 new homes in the year to September 2018.

It currently has 23 live sites and its management team and staff will remain in place.

STG will begin trading as Galliford Try Partnerships Yorkshire from 1st July 2019.

Stephen Teagle, chief executive at Galliford Try Partnerships (pictured above), said: “We are really excited to have reached agreement with STG, 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 at Strategic Team Group, added: “Galliford Try Partnerships [is] 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.”

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