Euro Garages has acquired the final four forecourt stores of collapsed Spar chain High Noon Stores for an undisclosed sum, following the purchase of four of its other sites in January.
Based in the South West and Wales, the stores will be re-opened by Euro Garages within the next few weeks after refurbishment and re-imaging.
Zuber Issa, CEO of Euro Garages, said: “These acquisitions follow a carefully planned growth strategy and supplement our existing international portfolio well.
“Since the beginning of February alone, we have completed the acquisitions of the UK-wide Little Chef site portfolio and the former High Noon petrol forecourts.
“Each of these deals were handled entirely in-house, demonstrating the quality of our team and our ability to bring deals to a close very quickly.”
Dave Morris of Christie & Co, which facilitated the deals, said: “It has been a very busy start to 2017 with interest exceeding expectation on both groups of forecourts.
“We expect this level of interest in the sector to continue during 2017 with the forecourt market remaining buoyant.”
High Noon Stores entered administration at the end of 2016.
No comments yet