Investment firm, TDR Capital has taken a minority stake in Euro Garages of Blackburn, one of the largest UK independent forecourt operators which is now valued at £1.3bn.
Founded in 2001, Euro Garages has a portfolio of over 340 sites across the UK including petrol stations and related shops. It also operates the Rivington services on the M61.
The group is the largest owner-manager business in the sector, which has acquired 170 sites over the last few months. It also purchased 48 forecourts from Exxon Mobil’s Esso unit last year.
The group currently manages sites under BP, Esso and Shell fuel brands and has developed strong partnerships with global brand partners including Starbucks, Subway, Burger King, SPAR, and Greggs.
TDR also owns rival company European Forecourt Retail Group.