Top 50 Indie Retail Fuels Ltd has been acquired by fuel brand Harvest Energy, part of the Prax Group. The acquisition was completed just before Christmas and reflects the group’s strategic objective to expand its retail footprint and brand presence across the UK marketplace.
Retail Fuels Ltd has nine forecourts and was number 35 in the Top 50 Indies listing in 2017. The nine sites are principally located in the North West, with six in Merseyside, two in Greater Manchester and one in the Midlands.
Each site has a "quality property offering, which following redevelopment, will deliver incremental shop and forecourt revenues", said Sanjeev Kumar, co-founder and chief executive officer of the Prax Group.