.
MergerLinks Header Logo

New Deal


Announced

Completed

EG Group completed the acquisition of Certified Oil for $155m.

Financials

Edit Data
Transaction Value£128m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

United States

Specialty Retailers

Completed

Friendly

Acquisition

convenience store

Private

gas stations

Single Bidder

Synopsis

Edit

EG Group, a British retailer based in Blackburn which operates petrol stations and fast food outlets, completed the acquisition of Certified Oil's convenience stores and gas stations for $155m. “This acquisition is in line with our strategy to expand in large growing markets like the United States. The acquisition of Certified Oil is an exciting value creation opportunity for the EG Group and underpins another significant step in our North American adventure. Given the recent market interest in similar assets in the U.S., the sector presents significant growth potential. Being a leading market operator, EG Group is well-positioned to take advantage of such opportunities. The 69-site network secured will also enable EG Group to extend its reach into new state geographies. We look forward to investing in the assets and improving the existing consumer offer," Mohsin Issa, EG Group Founder and Co-CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US