Mon, 13 Apr 2026 | BUSINESS SALE
The business behind a portfolio of petrol station forecourts in the North West has been acquired by a listed developer and manager of roadside retail assets. Roadside Real Estate has agreed to acquire Hoch Group Limited in a deal worth £28.6 million.
The conditional share purchase agreement will see the Oxfordshire-based group acquire the entire issued share capital of Hoch Group, along with its subsidiaries. The group intends to finance the acquisition, which is expected to be immediately earnings accretive in the current financial year, by drawing £25 million from a new debt facility, agreed in principle with HSBC.
Hoch Group’s portfolio comprises 12 petrol station forecourts (PFS), as well as a standalone convenience store, with the sites primarily located in Cumbria. In the year to March 31 2025, Hoch Group recorded total revenue of £68.8 million and adjusted EBITDA of around £2.7 million, with pre-tax profits totalling £1.8 million. At the time, the group’s assets were independently valued at around £30.1 million.
The deal expands Roadside Real Estate’s portfolio to 20 sites and represents the next step in the group’s buy-and-build strategy, during a time in which major investment is flooding into the UK roadside real estate market, generating significant M&A activity.
Commenting on the deal, Charles Dickson, Chief Executive at Roadside, said: "This transaction represents the next step of the Roadside journey to build a scalable, energy forecourt and convenience retail business in the UK.”
"Hoch Group is a high-quality portfolio with unrealised potential and underscores management's commitment to creating shareholder value through the identification and delivery of operational and financial synergies derived from a scaled portfolio."
Find out more about growing investment and M&A activity involving UK petrol station forecourts, motorway service stations, EV charging points and roadside retail and leisure assets in our recent in-depth insight.
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