Company of Connect Yorkshire EIR John Sutcliffe, Henry Boot Construction has acquired a majority shareholding in a Derbyshire-based contractor.
Starfish Commercial, which has its primary office in Chesterfield, is a multi-tenure housing contractor that works with housing associations and local authorities.
The company a joint venture partner with Magenta Living in Hilbre Homes, which provides sustainable housing opportunities in the Cheshire area.
The acquisition has been completed for a nominal sum and includes the provision of investment and wider strategic and operational support to Starfish by Henry Boot Construction.
This is set to enable Starfish to continue providing its current order book and to grow its business with a future pipeline of opportunities.
Simon Carr, managing director of Henry Boot Construction, said: “Henry Boot Construction look forward to working with Starfish Commercial and their management team. Starfish have an exceptional reputation in the Social Housing Market with a number of long term relationships and repeat clients.
“We believe we can help Starfish grow and continue to deliver high quality housing for both its existing clients and for new partners.
“Further, we also believe this acquisition will provide a presence in a very exciting and growing market that is an excellent fit for us.”
Martin Gerrelli, director of Starfish Commercial, added: “Henry Boot Construction Limited and the wider group have an excellent industry reputation and we are looking forward to working closely with Simon and his team in the accelerated delivery of multi tenure sustainable housing with our current partners and potential target clients.”