Galliford Try Partnerships agreed on a deal to acquire Strategic Team Group
Galliford Try Partnerships has agreed on a deal to acquire Strategic Team Group, a well-established contracting and land-led developer in the North of England. The purchase supports Partnerships’ ambitious growth strategy, targeting growth in key regions around the country to increase the supply of new homes.
Strategic Team Group, based in Yorkshire and the North West, employs a total of 120 staff and currently has 23 live sites. In the year to September 2018, Strategic Team Group reported revenues of GBP 61.8m (US$ 77.86 million) and delivered over 500 new homes.
The management team and staff at Strategic Team Group will remain in place, working within Partnerships to accelerate both business’ growth plans. The company will begin to trade as Galliford Try Partnerships Yorkshire from 1 July 2019.
In 2016, Galliford Try Partnerships led the successful acquisition of Drew Smith Limited, based near Southampton, to create a Southern region to the business.
Country updates
-
-
June 18, 2019
Government of Scotland accepts recommendations on MIM
The Scottish government in UK has accepted the Scottish Futures Trust’s (SFT) recommendation to use a version of the Mutual Investment Model (MIM). SFT was asked to examine the view to adding to...
Read more -
June 17, 2019
Pearl Infrastructure Capital reaches first close
Pearl Advisory and Edmond de Rothschild have announced the EUR162 million (US$182.74 million) first close on its Pearl Infrastructure Capital, a fund focused on energy transition investments.&nbs...
Read more -
June 17, 2019
Wales sets to launch transport commission
The Welsh Government is set to launch a commission to tackle congestion in south-east Wales, UK. The Commission will be established to address the traffic congestion in the M4 motorway. It will...
Read more -
June 14, 2019
Scottish Government launches sale of Glasgow Prestwick Airport
The Scottish Government has launched the re-privatization and sale of the Glasgow Prestwick Airport. The international airport, located in Prestwick in South Ayrshire, was re-acquired...
Read more -
June 13, 2019
Tender launched for development of mixed use development in Stockport
Stockport Metropolitan Borough Council (SMBC) in UK has launched the tender seeking infrastructure developer for the mixed-use development project in Stockport Town center. The mode of procurement is&...
Read more
