In 2019 Vistry Partnerships (VP) acquired Yorkshire based contractor and land-led developer Strategic Team Group (STG).
About STG 2000-2019
STG was founded in 2000 and operated across the North of England. The company grew to build more than 500 mixed tenure homes each year across the M62 corridor. They employed a total of 120 staff and had 23 live sites across the North of England. In the year to September 2018, STG reported revenues of £61.8m.
STG operated out of two regional offices; their head office in Castleford West Yorkshire and a North West regional office in Dukinfield near Manchester. STG have an excellent reputation which has been established through excellent relationships with a wide range of registered providers, local authorities, and private clients delivering truly blended communities with homes for outright sale, PRS, shared ownership and affordable rent.
STG’s strength and presence in the North of England accelerates the growth of VP in the region. In the North West region, staff from STG’s Manchester office will integrate with VP staff into our Warrington office and we have established a new head office for VP Yorkshire in STG’s Castleford office.
Stephen Teagle, Chief Executive of Vistry 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, said “Vistry 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.”