The Board of Admiral Taverns has announced reaching an agreement with Star Pubs & Bars to acquire a portfolio of 150 tenanted community pubs. The acquisition of the portfolio will take the Group’s estate to circa 950 pubs.
Supported by investors Proprium Capital Partners and C&C Group, the Group has championed its ambitions to grow its estate and recently welcomed on board new Chief Executive, Chris Jowsey to lead the business through the next phase of its development.
In September the company also completed its relocation to new headquarters in Chester to better accommodate its expanding operations and support teams.
Commenting on the acquisition Chris Jowsey, Chief Executive of Admiral Taverns commented: “We are delighted to announce another important step forward in our strategy and ambitions for the business. Admiral has a strong track record of integrating new acquisitions and these new pubs will significantly increase our presence across the UK.”