Firm’s partnerships arm says deal for STG will spearhead push into region
Galliford Try Partnerships has bought a West Yorkshire-based developer and housebuilder for an undisclosed sum.
Based in Castleford, Strategic Team Group (STG) employs120 staff and currently has 23 active sites being developed.
Staff and management at STG will stay on and from next month the business will trade as Galliford Try Partnerships Yorkshire.
In the year to September 2018, the business reported revenue of £61.8m and a pre-tax profit of £1.26m. According to accounts filed with Companies House, STG completed 408 homes last year.
Stephen Teagle, Galliford Try Partnerships’ chief executive, said the deal would help it with its push into the wider Yorkshire region as well as the North-west.