The distinct joint venture business aims to harness Gentoo’s reach into social housing with Newcastle-based Tolent’s project management and construction expertise.
The new company Gentoo Tolent is registered at Gentoo’s Sunderland head quarters and began business yesterday.
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.”
John Wood, Chair of Tolent said:“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.”