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Applegreen Buys Seven UK Sites In £21m Deal

Published on Aug 3 2017 9:33 AM in Retail tagged: Applegreen

Applegreen Buys Seven UK Sites In £21m Deal

Applegreen has acquired six service areas and one petrol filling station in the UK from the Carsley Group in a £21 million deal.

The recent transaction is expected to be completed in the fourth quarter of this year, reported the Irishtimes.ie

Bob Etchingham, chief executive, Applegreen said that the assets being acquired provide a set of large and strategically important sites that can accelerate Applegreen’s growth in this key marketplace.

“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." Etchingham said.

In July this year, the Irish forecourt retailer acquired 42 sites in South Carolina in the US.

Reportedly, 34 sites are filling stations and the rest are stand-alone Burger King outlets from the Brandi group for $5.4 million (€4.56 million).

© 2017 - Checkout Magazine by Donna Ahern

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