Stonegate Pub Company has today completed a transaction to acquire Bar Holdings Ltd, which operates five bars trading under the Sports Bar & Grill brand.
The bars being acquired, are located in prime London locations in Waterloo, Marylebone, Victoria, Farringdon and Canary Wharf.
Sports Bar & Grill focuses on a sports-oriented, drink-led offering which is highly complementary to Stonegate’s existing market-leading representation in this category.
Four of the five bars are located in major London transport stations taking Stonegate into retailing within transport hubs, with the flagship Canary Wharf bar situated within the Crossrail development ahead of the Elizabeth line opening in 2018.
Following the acquisition, Stonegate will comprise 703 operating venues, further consolidating the Group’s position as a leading managed pub operator in town and city centre locations nationwide.
Simon Longbottom, Chief Executive of Stonegate, commented, “This is another excellent bolt-on acquisition for Stonegate which is right in our sweetspot and further consolidates our leading credentials in sports-led entertainment.
'We have long coveted a presence in key transport hubs and are excited about the opportunity which this presents.
“We have a proven track record of success in identifying, unlocking value and ultimately delivering higher returns from the pub assets which we acquire, as well as investing in the people within them.
'We look forward to welcoming our new colleagues into the enlarged Group and providing our new customers – sports fans, families and commuters alike – with some great Stonegate hospitality.”