All MFG articles – Page 12
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News
MFG and Fairbanks agree new three-year deal
Motor Fuels Group,the Hertfordshire-based Top 50 Indie, has committed to Fairbanks’ fuel management service for another three years.The contract, was agreed earlier this year between Fairbanks managing director Steve Jones and MFG managing director Jeremy Clarke.MFG operate 373 company sites, and has opted for the premium service level which ...
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NewsNew investors at MFG as former Tesco boss joins the board
The management team at Top 50 Indies forecourt operator, Motor Fuel Group (MFG) is to partner with private investment firm Clayton, Dubilier & Rice, (CD&R) to acquire the company from its original institutional investor, Patron in a transaction valued at approximately £500 million. The transaction is expected to close in ...
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News
MFG adopts Fuelspricing.com across network
Top 50 Indie Motor Fuel Group (MFG) has implemented Inform Information Systems’ (IIS) Fuelspricing.com system across its UK network of nearly 300 company owned forecourt locations. Following the acquisition of Murco’s retail business in October last year, which included 228 company owned sites across the UK, MFG embarked on a ...
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News
MFG signs for another five years with Amscreen
MFG has signed a further five-year contract with Amscreen. It covers an upgrade in screen technology at 58 sites which already have the system, together with a roll out of Amscreen’s 24-inch screen product throughout the 223 sites MFG acquired last October.The high-definition, larger format, portrait screens will employ Amscreen’s ...
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News
MFG adds screens at 223 sites
MFG has signed a further five-year contract with Amscreen. It covers an upgrade in screen technology at 58 sites which already have the system, together with a rollout of Amscreen’s 24-inch screen product throughout 223 sites MFG acquired last October. The high definition, larger format, portrait screens will employ Amscreen’s ...
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News
MFG ranked in Top 10 private companies
Top 50 Indies forecourt operator Motor Fuel Group (MFG) has been ranked 9th in a league table of British private companies with the fastest-growing profits, in the 16th annual Sunday Times BDO Profit Track 100. The league table published on 12 April ranks companies according to growth in profits over ...
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NewsMFG and Euro Garages acquire bulk of Shell sell-off sites
Shell UK has accepted offers for the sale of 185 company-owned service stations from Motor Fuel Group and Euro Garages, following a confidential commercial process to find the right independent dealers to purchase up to 250 Shell sites, which began last Autumn. Motor Fuel Group (MFG) has acquired 90 sites, ...
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Analysis
MFG unveils new strategy
Last month Top 50 Indie MFG announced plans to remove the Murco brand from all of its company-owned sites, and develop it as a brand exclusively for dealers.The decision followed MFG’s acquisition of Murco’s retail business on October 1, 2014, comprising 228 company-owned forecourts, and agreement to supply a dealer ...
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News
Fuel suppliers welcome MFG deal
The three companies taking over supplies to MFG’s estate of more than 220 Murco-branded forecourts have all welcomed the biggest fuel supply deal of recent years. From the end of this month BP will take on supplies to 87 sites in addition to 49 existing sites which have been re-signed ...
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News
MFG replaces Murco brand on company owned sites
Top 50 Indie MFG has announced plans to replace the Murco brand on all its company owned sites and to develop it as a brand exclusively for dealers. The move follows MFG’s acquisition of Murco’s retail business on 1 October 2014, comprising 228 company owned forecourts and supplying a dealer ...
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NewsMFG averts full inquiry into Murco deal
MFG has averted a full inquiry into its takeover of Murco’s retail business, after concerns were raised that the deal would damage competition in the Hythe area of Kent. The Competition and Markets Authority (CMA) has accepted undertakings from MFG to sell the Murco petrol station (Seapoint Filling Station) in ...
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News
MFG puts site up for sale to resolve competition issue
The Seapoint Filling Station in Hythe, Kent, which MFG is selling to resolve competition authority concerns over its acquisition of Murco’s retail business, provides a rare opportunity for a buyer, according to the property adviser working on the sale. Adam Wadlow, director of Barber Wadlow, said: "For a single site ...
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NewsBarber Wadlow advises MFG on Hythe divestment
The Seapoint Filling Station at Hythe, Kent, which MFG is selling to resolve competition concerns over its acquisition of Murco’s retail business, provides buyers with a rare opportunity, according to the property adviser working on the sale. Adam Wadlow, director of Barber Wadlow, said: “For a single site in the ...
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News
DSL extends reach on contract with MFG
DSL Group, the specialist in petrol pump top promotions and distributions, has secured a further 228 forecourts across the UK as a result of an agreement with Motor Fuel Group (MFG) to supply its Murco branded sites. The deal strengthens a relationship between MFG and DSL which was established in ...
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News
CMA launches consultation over MFG Murco deal
The Competition and Markets Authority (CMA) has launched a consultation after MFG came up with a proposal to address competition concerns over its acquisition of Murco’s retail business. The CMA had said the deal would mean MFG would own both the petrol stations in Hythe, Kent, and this could result ...
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News
MFG offers to sell site to avoid probe
MFG has offered to sell off the Murco petrol station in Hythe in a bid to avoid a full merger investigation by the Competition and Markets Authority (CMA) into its acquisition of Murco’s retail business.Last month the CMA said the deal might be expected to result in a substantial lessening ...
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NewsMFG offers to sell site to avoid competition investigation
MFG has offered to sell the Murco petrol station in Hythe in a bid to avoid a full merger investigation by the Competition and Markets Authority (CMA) into its acquisition of Murco’s retail business. Last month the CMA said the acquisition might be expected to result in a substantial lessening ...
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NewsCompetition authority gives MFG ultimatum over Murco deal
MFG says it is keen to engage with the Competition and Markets Authority (CMA) to avoid a full merger investigation after it raised a concern over MFG’s takeover of Murco’s retail business. The CMA said MFG had the chance to avoid a full merger investigation if it could offer a ...
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NewsMFG signs deal to buy Murco’s retail business
Murco has signed a £200m deal to sell its retail business, including 228 forecourt sites it owns, to Top 50 Indies forecourt operator Motor Fuel Group (MFG). The deal has been carried out with the support of private equity group Patron Capital Partners and oil industry veteran Alasdair Locke, who ...
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NewsMFG owner in talks to buy Murco network
The owner of Top 50 Indie Motor Fuels Group (MFG) is in talks to buy more than 225 Murco filling stations put up for sale by their US owner Murphy Oil. Private equity group Patron Capital, which bought MFG in 2012 and a further portfolio of 54 Murco filling stations ...