Wed, 10 Nov 2021 | BUSINESS SALE
Independent convenience store operator Amacor Capital Ltd has acquired the Nisa Local store in Denby Dale, West Yorkshire. Amacor has been a Nisa partner for the past three years and has amassed a portfolio by targeting acquisitions of existing Nisa stores.
The latest acquisition is Amacor’s seventeenth Nisa takeover overall and fifth this year. Following the deal, Amacor is looking to accelerate the growth of its Nisa portfolio and is aiming to reach more than 30 stores over the next 12 months.
Amacor was founded as a joint entity between former Sainsbury’s executive Martin Corban and financial services expert Kevin Amphlett. Discussing the company’s acquisition strategy in 2019, Martin Corban said: “Our strategy for growth is focused on the clear consolidation opportunities that exist in the convenience sector of retail.”
“We acquire and develop selected convenience stores where it has been identified that management have the drive and the determination to take the business forward. Our plan is to expand our existing portfolio through further acquisitions over the coming months and beyond.”
Following the acquisition of the store in Denby Dale, located ten miles south-east of Huddersfield, Amacor says it will retain its Nisa Local branding and shoppers will continue to be able to access its current range. The company plans to develop the store over the coming months, including through the introduction of newspaper sales and the installation of a new coffee machine.
Amacor’s growth efforts are bolstered by its Head of Acquisitions, Alex Wilson, who commented: “We’re delighted to get this sale over the line and make it our 17th store for the group and number five for the year.”
“We’ll be keeping the same in-store team with one of the existing members of staff being promoted to the store manager role, meaning shoppers will not only continue to be able buy the same great products but they’ll also see the same friendly faces.”
Find businesses for sale here.
If you are looking for an exit, we can help!
Specialises in the supply of high-quality and high-performance diving equipment on a national and international basis; it is now for sale.
FREEHOLD
Suppliers of contemporary and modern lighting for the retail, wholesale and contract markets throughout the UK and internationally. Offers an extensive range of interior and exterior lighting products across a wide range of product categories. 80% of...
LEASEHOLD
The shop is ideally located between Bournemouth and Christchurch close to multiple beauty spots. The business enjoys regular all year-round trade from the local community and from those working in the area. Additionally, the business enjoys a signifi...
LEASEHOLD
16
|
May
|
Manx Financial Group to acquire Payment Assist in potential £9m deal | BUSINESS SALE
Manx Financial Group Plc has announced the acquisition of Pa...
13
|
May
|
Assets set to be sold as modular housing joint venture enters administration | ADMINISTRATION
The US House Group modular housing joint venture has fallen ...
12
|
May
|
Bathroom panel firm acquired for up to 9.1x EBITDA | BUSINESS SALE
Bathroom and kitchen products firm Norcros has agreed a deal...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources