Forecourt Trader - 30 years at the heart of the fuel retailing community
MRH bought by US private equity fund
Published:  27 January, 2016

MRH, the biggest independent service station owner and operator in the UK, has been bought by a US private equity firm Lone Star.

The deal closed on January 26 for an undisclosed sum having already received approval from the European Commission under the EU Merger Regulations.

The accompanying statement said: “The companies’ activities do not overlap. The Commission therefore concluded that the proposed acquisition would raise no competition concerns.”

Lone Star invests globally in real estate, equity, credit and other financial assets with aggregate capital commitments totalling approximately $60bn.

The deal is the third time in recent months that private equity funds have invested in leading companies in Forecourt Trader’s Top 50 Indies.

MFG, which is second in the Top 50 Indies listing behind MRH, was already owned by Patron Capital, and in June last year was bought by Clayton, Dubilier & Rice (CD&R) in a deal valued at £500m.

And in October TDR Capital took a minority stake in Euro Garages, the third- ranked company in the Top 50, valued at £1.3bn.

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Weekly retail fuel prices: 25 May 2020
RegionDieselLPGSuper ULUL
East Midlands111.76123.12106.54
North East110.34125.25104.79
North West111.33119.82106.56
Northern Ireland108.52111.40102.55
South East113.2059.90124.27108.35
South West111.83124.12106.47
West Midlands112.13125.12106.81
Yorkshire & Humber111.6957.70121.80105.92

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