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.
Leicester-based HKS Motors, established in 1984 with its first filling station on Ashby Road in Coaville, now owns and operates 27 petrol stations, primarily across the Midlands. The company is a family-run, local business which has achieved significant growth over recent years 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 and would like to thank the team for once again delivering a competitive deal in an efficient manner.
“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: “HKS Motors is a well-established business, with a strong management team and a clear strategy for future growth. I am pleased we have been able to continue to provide the banking services needed to support their future plans.
“Santander is committed to building long-term relationships with strong and viable businesses in the East Midlands. We have worked with the Thakrar family for many years and have been thoroughly impressed with their hard work and business drive. We expect the business will grow continually stronger and look forward to supporting the family as this happens.”