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Posted 15th April 2015

Motor Fuel Group acquires 90 Shell filling stations

Motor Fuel Group, Aberdeen oil tycoon Alasdair Locke's partnership with investment firm Patron Capital Partners, has increased its forecourt portfolio to 373 with this latest deal.

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Motor Fuel Group acquires 90 Shell filling stations

Motor Fuel Group Acquires 90 Shell Filling Stations

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MFG

Acquirer

Motor Fuel Group, Aberdeen oil tycoon Alasdair Locke’s partnership with investment firm Patron Capital Partners, has increased its forecourt portfolio to 373 with this latest deal.

Of the 90 sites, 53 per cent are located in the South East of England, including 21 sites in London. This acquisition brings the total number of petrol filling stations that will be owned by MFG to 373, making it one of the largest independent fuel station operators in the UK. MFG was this week ranked No9 in The Sunday Times Profit Track 100 list that ranks private companies by profit growth.

Stephen Green, Senior Partner at Patron Capital, says: “We are delighted that our forecourt business MFG has been selected by Shell to acquire the largest parcel of assets as part of its on-going process of rationalising its UK Forecourt portfolio. These new sites are of exceptional quality and will be integrated into our wider MFG business.”

Jeremy Clarke, MFG’s Managing Director, says: “This acquisition brings another major brand to the MFG network and gives us 90 high volume, quality stations. It is in line with our strategic commitment to become one of the most dynamic and profitable independent forecourt operators in the UK. We are looking forward to working with Shell to maximise the potential of these sites to the benefit of our customers.”

Categories: Finance, M&A, Strategy


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