East Yorkshire forecourt retailer Sewell On The Go has invested £10 million in buying outright six sites it was previously renting from Rix Petroleum.
Sewell On The Go now owns all 13 of its forecourts and convenience stores in Hull and the East Riding of Yorkshire. With complete control of all sites established, the company is looking to make further investment in upgrades, extensions and improvements, it said. Supply contracts with Londis and BP (fuel) have also been renewed.
Patrick Sewell, managing director of Sewell On The Go, said: “There is a lot of uncertainty around Brexit at the moment and we have chosen to invest, providing more certainty, security and confidence for our customers and staff going forward.
“We are looking to continue to grow within the Yorkshire region and we are certainly keeping our options open regarding additional sites and other potential opportunities.
“Our customers and our people are at the heart of this business and we are family-run, so we want to retain that ethos across our business.
“We are incredibly proud to have 13 stores in a very close knit trading area. This acquisition is a positive move, investing for the future.”
The acquisitions were valued by Christie & Co, and funding support for the deal was provided by NatWest.