A construction partnership between two of the North East’s most prominent firms has launched.
Sunderland-based Gentoo Construction has joined forces with Tyneside-headquartered Tolent to create Gentoo Tolent Limited, a joint venture distinct from the two parent companies.
Launched this week, the partnership aims to marry Gentoo’s presence and experience in the social housing market with Tolent’s project management and construction prowess.
The agreement was formalised this week and follows years of collaborative work between the businesses.
Steve Lanaghan, executive director of Gentoo Group said: “Tolent is a highly respected and experienced construction company, with whom we have enjoyed an excellent working relationship.
“The joint venture will enable both organisations to share skills and knowledge in different and complementary areas of work. With a number of synergies between our businesses, this partnership will create a sustainable regional business with an enhanced offer to the market.”
Tolent operations director and executive director Trevor Phillipson said his firm would initially second three of its staff to the project. He hoped the venture would benefit from two industry strengths that complement each other.
Mr Phillipson said: “We’ve already had some excellent feedback on the idea from clients, and I hope that we can prove over time that our two companies can work together to create a great reputation.
“Tolent generates a lot of repeat business through our experience in the construction management arena. Social housing is a market that we have experience in, but only in a limited capacity. This idea gives us more access to that market.
“Gentoo are relatively new to the contracting game but have a number of big contracts on the books currently. We think the two aspects make sense together.”
John Wood, chair of Tolent Ltd, added: “This is a great opportunity to boost the strengths of both companies and develop a partnership with a common objective of providing a quality product that is value for money. We are looking forward to getting started.”
Gentoo and Tolent are both ranked in The Journal’s Top 200, which lists the North East’s largest companies by turnover. In the most recent list, Gentoo was ranked 41st and Tolent at 69.