MFG Signs Agreement to Purchase Forecourt Operator Synergie
Top 50 Indies forecourt operator, Motor Fuel Group (MFG) announces that it has signed an agreement to purchase the Bolton-based forecourt operator, Synergie Holdings Limited.
The transaction is scheduled to close early September, 2016.
Commenting on the agreement, Jeremy Clarke, chief operating officer at MFG said: “We are delighted with this exciting transaction. The signing of this agreement supports our stated objective to become the UK’s most dynamic and profitable independent forecourt operator.”
Synergie has a network of 19 forecourts situated throughout the north-west of England, many of them offering strong convenience and ‘food to go’ offers.
This acquisition will bring the total number of stations that will be owned by MFG to 395, making MFG the second largest independent forecourt operator in the UK.
Jeremy Clarke continued: “This acquisition is just a part of our exciting 2016 programme. We are already well into an extensive shop rebranding programme following the signing of a new shop supply agreement with Booker Retail Partners and are also embarking on a significant development programme increasing retail space and introducing new ‘food to go’ offers at key locations throughout our forecourt estate.”