Punch Pubs & Co has acquired three pubs within Leicestershire to add to its growing estate.
The Dog & Gun in Syston, the White Bear in Hinckley and the Horse & Trumpet in Sileby all form part of the latest pub package acquired by the independent pub company.
All three pubs will join Punch’s Leased and Tenanted estate, which is made up of more than 900 pubs as part of its 1,300 strong portfolio.
Head of Estate Development and Acquisitions, Andrew Cannons, commented,“We are pleased to welcome The Dog & Gun, the White Bear and the Horse & Trumpet into the Punch family and look forward to seeing our proposed plans come to life.
“Our Publicans will have access to Punch’s industry-leading investment and support which will allow each of these pubs to flourish once again. Our priority is in providing the communities of Syston, Hinckley and Sileby with fantastic community pubs and I am looking forward to sharing further updates as these plans progress.”
The business said there is a strong pipeline of acquisitions across the Midlands region.
Punch Pubs delivered like-for-like sales growth in all three divisions for the 16-week period to 3 December 2023.
The 1,242-strong pub operator, which is split into Leased & Tenanted (L&T), Management Partnership (MP) and Laine Pub Company – said total revenue grew by 4.3% to £96m (2022: £92m).
EBITDA for the period grew by 7.1% to £25.6m (2022: £23.9m. Underlying EBITDA for the full year to 3 December 2023 grew by 9.2% to £83.0m, compared to £76m adjusted underlying EBITDA in the year to August 2019.
