Top 50 Indies forecourt operator, Motor Fuel Group (MFG) announces that it has signed an agreement to purchase the south-west of England forecourt operator, Symonds Retail Limited.
COO, MFG, Jeremy Clarke
The transaction is scheduled to close early November, 2019.
Commenting on the agreement, Jeremy Clarke, chief operating officer at MFG said: “We are particularly delighted with this transaction because in addition to their existing 10 operating stations we also have three ‘new to industry sites’ in the acquisition package.
“Within the existing 10 stations, there are six BP branded, three Shell and one Texaco. The retail offer is split between Londis and Budgens with one station offering Subway and another one offering Greggs.
“We intend to open the three ‘new to industry’ stations in 2020, all with an excellent retail and ‘food to go’ offer and with the important addition of a dedicated high power EV charging hub.”
This acquisition will bring the total number of stations operated by MFG to 904, maintaining their position as the UK’s largest independent forecourt operator.