Date Posted: 02-11-2018
Applegreen, the Republic of Ireland based forecourt retailer, has bought a 51% majority shareholding in Welcome Break, following a competitive process.
Applegreen is the largest petrol forecourt retailer in the Republic of Ireland, with expansion into the US and now operating a total of 374 sites. Welcome Break’s recent investment programme, including the introduction of new brands to its 24 MSA sites and 29 hotels, offered an attractive investment for Applegreen.
Applegreen takes a majority shareholding alongside Arjun Investment Partners, with the intention of purchasing an increased shareholding in the future. As part of the deal, Applegreen will transfer 13 forecourt sites in the UK to sit under management of Welcome Break.