Applegreen, the Ireland-based forecourt operator, has acquired a package of seven sites from the Carsley Group for £21m.
The network comprises six service areas and one petrol filling station predominantly located on the major arterial route of the A1.
The transaction, which is being funded from existing resources, is expected to complete in early Q4 2017.
Applegreen chief executive Bob Etchingham said “This transaction will accelerate our strategy to establish a major service area presence in the UK market, complementing our strong position in Ireland and growing footprint in the United States. The service area sites we are acquiring are well located on very busy roads with a number situated on the A1 which is a major arterial route. The assets being acquired provide a set of large and strategically important sites that can accelerate Applegreen’s growth in this key marketplace. This acquisition demonstrates our commitment to enhancing our existing estate in the UK and leveraging our expertise in operating high quality service areas offerings with a strong food-to-go focus for the benefit of our customers.”
