Edenstone Group has announced the acquisition of Tai Derw Developments and set out ambitious growth plans.
The South Wales-based developer agreed the deal at the end of May, following talks between Edenstone Group executive chairman, Martin Taylor and Tai Derw managing director, Martin Smith, which highlighted the similar business models of the two companies.
Edenstone says that the acquisition will expand its geographic footprint, expanding its operating area from existing development in Llanelli to Pembrokeshire, as well as supporting housing delivery and employment opportunities. The business is also targeting further expansion of operations across South West England.
Looking ahead, Edenstone has set a target of £100million in turnover by 2028.
Edenstone Group executive chairman, Martin Taylor, said: “The acquisition of Tai Derw is an important milestone in the continued growth of Edenstone Group. It brings together two businesses with complementary strengths, shared values and a common approach to delivering high-quality homes.”
“Tai Derw brings additional expertise, land opportunities and regional presence, all of which will strengthen our business and support our ambition to build a larger, more resilient organisation for the future. The acquisition also forms an important part of our new five-year strategy, which is focused on sustainable and profitable growth. Edenstone has recorded a 40% increase in turnover to £63million for the year to April 2026, up from £45million in 2025, and generated profit before tax of £2million. We see a clear opportunity to grow turnover beyond £100 million over the coming years.”
Edenstone currently employs around 120 people. It’s anticipated that as the combined business grows, additional jobs will be created, with an estimated workforce of 180 to 200 people by the time it reaches £100million turnover.
Martin Smith commented: “Tai Derw has built a strong reputation for identifying and progressing strategic land opportunities, creating a robust development pipeline for the future. We have a number of projects due to commence over the next 12 to 24 months, including a 196-home development in Maesteg, where work will start in the coming weeks. We’re looking forward to taking this and other sites forward as part of Edenstone Group.”
Following the acquisition, Tai Derw will retain its name and Treforest office and operate under the auspices of the Edenstone Group.
The Group includes a private housing operation and Partnerships arm, delivering new homes for Registered Housing providers and the Private Rented Sector.
