motor fuel group

Motor Fuel Group (MFG) has snapped up forecourt operator Synergie Holdings for an undisclosed sum.

MFG has signed a purchase agreement to buy the 19-strong forecourt network and the transaction is scheduled to close early September 2016.

Bolton-based Synergie has a network of forecourts across the North West of England, many of which have convenience stores and food-to-go ranges.

The deal will bring the total number of Motor Fuel Group sites to 395 and will make the group the second-largest independent forecourt operator in the UK, behind Euro Garages.

“We are delighted with this exciting transaction,” said MFG chief executive Jeremy Clark.

“The signing of this agreement supports our stated objective to become the UK’s most dynamic and profitable independent forecourt operator.

“This acquisition is just a part of our exciting 2016 programme. We are already well into an extensive shop rebranding programme following the signing of a new shop supply agreement with Booker Retail Partners.

“We are also embarking on a significant development programme, increasing retail space and introducing new food-to-go offers at key locations throughout our forecourt estate.”