Galliford Try completes sale of housebuilding business

Tue, 07 Jan 2020 | DIVISION SALE

Galliford Try has completed the sale of its housebuilding business to Bovis Homes PLC in a transaction valued at approximately £1.1 billion. The deal value includes shares, a debt transfer and a cash payment of £300 million.

The sale of Linden Homes and Galliford Try Partnerships to Bovis creates one of the UK’s top 5 homebuilding groups, with the capacity to deliver over 12,000 homes per year.

Galliford Try will now operate as a standalone business, focusing on its key markets of building, highways and environment.

The two companies announced that they had reached an agreement in principle in September 2019, with details arranged in November 2019 before the deal was voted on by shareholders.

Galliford Try’s Construction and Investments chief executive Bill Hocking will become CEO of new entity Galliford Try Holdings plc, being joined on the new executive board by finance director Andrew Duxbury and general counsel and company secretary Kevin Corbett.

Other new board members include managing director of building Ian Jubb, HR director Vikki Skene and managing director of investments and specialist services Mark Baxter.

Hocking said: “I am excited by the bright future that lies ahead for Galliford Try as a well-capitalised, standalone, agile business and I look forward to working with our stakeholders to achieve our mutual objectives.

“We have struck a favourable deal for our shareholders and one that will benefit both ourselves and Bovis Homes for years to come.”

Share this article

Latest Businesses for Sale

Flooring & Hygienic Wall Cladding Contractor
Yorkshire and the Humber, UK

Experts in commercial and industrial grade flooring and hygienic wall cladding solutions. Client base of interior 'fit-out' contractors to leading high street retail brands, commercial developers, house builders and commercial/industrial end users. C...

Asking Price: Offers Invited
Turnover: £730,000

Property Maintenance Solutions Contractor
Dawlish, South Coast, Devon, UK Wide

Opportunity to purchase a very long established and highly regarded family-run commercial decorating/maintenance & roofing specialist. With a freehold site in an excellent commercial location with high access capabilities operating from secure and we...

Asking Price: £2,500,000
Turnover: £2,000,000


Building Contractor Company
Surrey, South East, UK

A superb opportunity has presented itself for a new buyer to take over the running of a well-established Building company operating throughout the wider Surrey area. Offers invited.

Asking Price: £275,000
Turnover: £727,729


View more businesses for sale

News Search

Latest News


Luxury fashion brand DVF Studio enters administration | ADMINISTRATION

DVF Studio, the UK business of fashion designer Diane von Fu...


Over 50 hotels and travel brands up for sale as leisure company collapses | ADMINISTRATION

The parent company of coach holiday company National Holiday...


Owner of enters administration | ADMINISTRATION

Joe Media Limited, the UK parent company of social news webs...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources