Red Oak Taverns has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum. The three pubs, The Great Western, Bewdley, The Railway in Alsager, Crewe and The Black Boy, Bridgnorth will be added to the pub company’s current portfolio of 177 pubs.
Speaking about the acquisition, co-founder and Chief Executive of Red Oak, Mark Grunnell said: “These sites are a perfect match for our business and are fantastic community pubs. We are looking forward to welcoming the tenant partners and their established businesses to our pub company in readiness for when we all reopen”.
Red Oak was founded in 2011 and has grown to 180 tenanted and free of tie sites since then with the most recent multiple acquisitions being from Wadworth and Reclamation Inns. Grunnell added: “We want to look beyond these difficult times and continue to invest in and grow our business. We are in a financially stable position and although the pandemic has slowed down our investment plans we are focused on looking for more pub acquisition opportunities now and in the future”.
Red Oak Taverns were advised on the acquisition by James A Baker.
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Hospitality & Catering News: Red Oak Taverns Acquisition – 21 January 2021.
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