New Year Acquisition For MFG
Top 50 Indies forecourt operator, Motor Fuel Group (MFG) announces that it has signed an agreement to purchase seven operational stations and nine new to industry (NTI) sites from BP. This is part of a wider agreement including fuel supply for 100 sites.
Commenting on the agreement, Jeremy Clarke, chief operating officer at MFG said: “We are particularly delighted with this transaction given the quality of the operational assets and geographical spread of the NTI sites.
“It is a great opportunity for us to apply our proven operating model, improve the shop offering for our customers, introduce a ‘food to go’ option where appropriate and improve the valeting offer. We will also be looking to install a number of high power EV chargers at each location.
“Six of the operating stations are in Scotland and one is located in Surrey. The NTI sites are spread throughout England and Scotland.”
Andy Allen, BP’s UK sales manager, said: “BP is delighted to have secured this transaction as part of a broader opportunity to further strengthen the long-standing relationship between BP and MFG. The re-sign of 64 existing BP branded sites and the conversion of 36 others brings the total number of BP branded MFG sites to over 280 and we look forward to working with MFG on this and other opportunities in the future.”
This acquisition will bring the total number of stations operated by MFG to 918, maintaining their position as the UK’s largest independent forecourt operator.