Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Motor Fuels Group seals £1.2 billion takeover

Dundee-based businessman Tim Allan will be on the enlarged groups board.
Dundee-based businessman Tim Allan will be on the enlarged groups board.

A major new force has emerged in the automotive retail sector after two of the largest independent petrol station operators in the UK agreed to combine in a £1.2 billion deal.

Motor Fuels Group – which is led by Alasdair Locke, an oil industry veteran who has been heavily involved in fundraising for V&A Dundee – last night confirmed it had acquired rival MRH in a deal backed by US-based private equity group Clayton Dubilier & Rice.

The deal creates a new enlarged group with more than 900 forecourt sites under its umbrella.

Collectively, MFG and MRH sold approximately 3.6 billion litres of fuel in 2017.

Tim Allan, the prominent Dundee-based businessman and Scottish Chambers of Commerce President, will continue to have a place on the board of the enlarged company.

“This is a transformational milestone for both companies that we believe will make us an even stronger partner for fuel brands and retail customers seeking convenient foodservice options,” Mr Locke said.

“We are excited to welcome the MRH team, who share a commitment to growth and innovation, as we work together to consolidate a highly-fragmented market and continue our expansion of retail offerings across the combined estate.”

Karen Dickens, chief executive of MRH, said the merger created new opportunities for growth.

“The combination of MRH and MFG will create the UK’s leading service station group and one of the largest in Europe,” she said.

“We are delighted to have reached this agreement and look forward to an exciting future together.”

MRH had been backed by the Lone Star Fund XI prior to the sale.

Lone Star’s Europe president Donald Quintin said Motor Fuels Group was the right fit to take MRH forward.

He said: “We’re pleased to have found in MFG the right partner for MRH’s next stage of development.