MFG Announces Second Acquisition In A Week
Only four days after announcing the signing of an agreement to purchase the Bolton-based forecourt operator Synergie Holdings, Motor Fuel Group (MFG) is now announcing another acquisition agreement to purchase fellow Top Indies operator, Roadside Group Limited.
Roadside Group operates 10 stations throughout the north-east of England, with its flagship forecourt being located at Newcastle Airport.
The transaction is scheduled to close early October, 2016.
Commenting on yet another purchase agreement, Jeremy Clarke, chief operating officer at MFG said: “We are delighted to confirm this transaction within days of our Synergie deal.
“This is an important strategic acquisition for us. Until now, we have only had a couple of stations in the north-east. The addition of this high quality network will give us some real momentum in this region of the UK.
“This acquisition will bring our total number of stations to 405 and by breaking the 400 barrier, we are getting closer to our stated objective of becoming the UK’s most dynamic and profitable independent forecourt operator.”