Macbryde Homes has been sold to its managing director Gwyn Jones and finance partner Bridgemere UK - whose chairman is Redrow founder Steve Morgan – with the business targeting growth.
Under the deal, the parties have purchased the shareholdings of founder Simon Macbryde and Ruth Macbryde. This comes as Macbryde’s North Wales division moves into new offices at St Asaph Business Park as it prepares for continued growth in Wales. The housebuilder is also moving into a second office at Preston Brook to further its expansion into North West England.
Macbryde Homes aims to build around 200 homes this year.
Jones said: “I am delighted to have concluded the purchase alongside Bridgemere. With the management strength and balance sheet of Bridgemere behind us, we have an excellent platform for significant growth as we look to increase our geographical footprint across the North West. I am very grateful to Simon and Ruth for the opportunity they gave me when I joined the business six years ago and wish them the very best in the future.”
“There are lots of exciting plans and developments being prepared for our business in the weeks and months ahead and we look forward to announcing these in due course.”
Morgan CBE added: “We are pleased to have acquired Macbryde Homes and are committed to supporting Gwyn with his growth plans for the business to become a major force in the region.”