Laine Pub Company, the Brighton and London based operator, has acquired the four-strong Distinct Group, taking its portfolio to 60.
Distinct operates the Prince Albert in Camden, the Edward Lear in Holloway, the Three Compasses in Hornsey and the Adam & Eve in Mill Hill - all are leaseholds.
Laine, which is working with advisors to assess future funding options, has already made two group acquisitions this year – buying six sites from New Pub Company and a further two from the Flynn family.
Laine’s chief executive Gavin George said: “The Distinct Group team have created an estate of high quality pubs which they have traded to an equally high standard. We are very excited to be welcoming the pubs’ staff into Laine’s family and are looking forward to applying our resources and experience to support them in meeting their trading aspirations.”
The acquisition was managed by Laine’s chairman Gary Pettet, who said: “We are delighted to have secured these excellent pubs for our estate and are pleased that they strengthen our presence north of the river, in such fantastic locations. I would like to thank Gareth and the Distinct Group for the professional manner in which they handled the sale and I wish them well with their continued focus on hotel accommodation.”
Gareth Leakey, group manager for Distinct, said: “Gary, Gavin and Laine’s team have been very easy to deal with from the outset, and I have no doubt that this is the start of an exciting journey for the Distinct pubs and the great staff that work within them.”
Chris Bickle of Savills Licensed Leisure acted on behalf of Laine.
This weekend also saw Laine re-open the Aeronaut in Acton, which was damaged by a fire at the start of the year.