Top 50 Indie HKS Motors has completed the acquisition of two petrol stations, one on Alfreton Road in Derby and one on Saffron Lane in Leicester, backed by a £700,000 finance package from Santander Corporate & Commercial banking. The Leicester-based company now owns and operates 27 petrol stations, primarily across the Midlands.
The company is a family-run, local business which has achieved significant growth through the acquisition of a number of petrol stations and has strong aspirations for further growth.
Shane Thakrar, head of business development, at HKS Motors said: "We are pleased that Santander has continued to support us in our growth strategy. This latest acquisition enables us to further strengthen and develop our geographic footprint and to support the local economy with continuity in the jobs market and enhancement in local services."
Steve Young, relationship director at Santander Corporate & Commercial, said: "We have worked with the Thakrar family for many years and have been thoroughly impressed with their hard work and business drive."
Meanwhile, HKS has just signed a new five-year supply deal with BP which continues the pair’s long-standing relationship.
BP will supply 22 sites, including five that are converting to the BP brand.