EG to sponsor breakfast club

Yesterday marked the start of St Antony’s Roman Catholic School’s new and improved breakfast club, sponsored by Euro Garages and the Greggs Foundation.

St Antony’s Primary School, Shadsworth Road, Shadsworth, Euro Garages & Greggs sponsoring new breakfast club, (l-r front) Greggs mascot Hope with Lynne Hindmarch from Greggs with Jasmine Georgy (10)

St Antony’s School had this to say: “We were delighted to welcome parent volunteers, children and visitors to the launch of our new Breakfast Club this morning. A hungry child cannot learn well, and in the current economic climate, parents are struggling to make ends meet. As a school, we want to support our families. The Greggs Foundation has worked with the school to promote healthy breakfasts for all, and we are thrilled to now be sponsored by Blackburn-headquartered EG Group.”

Around 100 schoolchildren attended the launch, along with parents, volunteers, teachers and some of our own representatives.

Salim Hasan, UK Country Manager who attended the launch for EG Group said: “EG Group has humble beginnings in this very community and it has been built into the thriving international business it is today through sheer hard work, determination and resilience.”

Javid Patel, Development Manager for EG Group added “We look forward to developing this partnership with St. Antony’s and hope to continue promoting the importance of healthy living and a solid education to as many people and communities as we can reach. We are very proud that our first breakfast club launch is also in Blackburn.”

This is exactly the attitude we endeavour to instil in our pupils at St Antony’s; it is this strong work ethic that makes anything possible. This inspirational company will now provide a healthy start for our pupils so that they can go on to succeed and achieve every day.”

More information on this story can be found here.

EG Group Acquires Minit Mart Portfolio in the USA for $305m

BLACKBURN, UK; September 4th, 2018 – EG Group is pleased to announce further expansion across the United States of America through the acquisition of a portfolio comprising 225 Minit Mart branded convenience retail stores and gas stations and some other related assets (“Minit Mart”) from TravelCenters of America LLC (Nasdaq:TA).

 

The purchase price for the acquisition, before working capital adjustments, is $305m with the Minit Mart business having recorded an audited FY2017 four-wall EBITDA of $43m. With EG Group expecting annual synergies in the region of $20m, post-synergy acquisition multiple for the deal is in the region of five times.

 

Minit Mart operates across nine Midwest US states that are highly complementary to EG Group’s existing US operation. The acquired business employs almost 2,500 employees and generated FY2017 revenue of $720m.

 

Earlier this year EG Group acquired a 762 site convenience store business in the United States from Kroger Co. (NYSE:KR), operating under the following banner names: Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop (“Kroger Deal”). As part of the Kroger Deal, EG Group established their North American headquarters in Cincinnati, Ohio. With the inclusion of the Minit Mart portfolio, EG Group will own and operate circa 1,000 sites in the US. 

 

Mohsin Issa, Founder and co-CEO, EG Group commented “We have a firm commitment to growing our presence in the USA, the world’s largest convenience market and are extremely pleased to have signed definitive transaction documents to acquire the MinitMart network from TravelCenters. The Minit Mart portfolio will be a strong addition to our business.

 

Our group’s ability to maintain consistency in brand standards along with delivering the right customer experience have made EG Group a partner of choice. Our proven track record of developing similar portfolios, creating career opportunities and being able to leverageour relationships with leading retail brands to meet customer needs and align with market trends is second to none.”

 

Zuber Issa, Founder and co-CEO, EG Group added:“For the past 17 years, we have had a vision of becoming a leading gas station/convenience store operator around the world. This is another exciting international milestone on our growth journey. The MinitMart acquisition will underpin a more sustainable network, allow us to explore further real estate development prospects and more importantly provide further growth opportunities in the USA for all our colleagues.

 

We all look forward to welcoming the talented people at Minit Mart into the EG Group family and will work together to provide customers with an even better retail experience by expanding our convenience store proposition.”

 

The transaction is subject to regulatory approval and customary closing conditions.

 

Legal advisors to EG Group are Eversheds Sutherland LLP (M&A) and Kirkland & Ellis LLP (Banking & Finance). Barclays Bank plc have acted as M&A advisers to EG Group and have also underwritten the debt financing for the deal.

Rivington Services Top User Survey

Transport Focus have conducted their second annual large-scale survey on the experience of visitors to 111 of England’s motorway service areas.

9600 customers were surveyed with regards to overall satisfaction, aspects of visitor experience that contribute to that satisfaction and the effect of a motorway service area break on their mood.


Rivington North and South did exceptionally well, achieving 98 and 97% customer satisfaction respectively.

In terms of overall satisfaction by operator, Euro Garages placed higher than the majority of it’s competitors with an overall score of 97%, with 78% giving the highest possible rating of ‘very satisfied’.

Congratulations to the team and thank you for all of your hard work!

The report can be found here.

44th Drive Thru Opens in Cobham

Friday saw the opening of our beautiful new Cobham Starbucks.


It’s the 44th drive thru in the EG Starbucks estate and boasts a unique design, with a bolt-on drive thru pod added to the listed building.


The interior perfectly blends old and new to create a comfortable setting to enjoy Starbucks’ signature beverages.


Congratulations and thank you to everyone involved in the opening, and good luck to the team – we’re sure you’ll do us proud.

EG Group Goes West With Fuel Retail Convenience Model

BLACKBURN, UK; April 20, 2018 – EG Group is pleased to announce the successful completion of its acquisition of 762 convenience stores in the USA from Kroger Co. including 66 franchise operations, operating in 18 states and employing 11,000 associates under the following banner names: Turkey Hill, Loaf ‘N Jug, Kwik Shop, Tom Thumb and Quik Stop.

EG Group will establish their North American headquarters in Cincinnati, Ohio and continue to operate stores under their established banner names.

USA is a new market for EG Group to further expand operations into and the acquisition facilitates an opportunity to secure further assets in North America.

EG Group will look to implement into the USA its successful retail brand partner commercial approach. This will entail assessing the acquired site network in terms of its retail potential, initially partnering with and investing in a few locations with recognised global and local retail brands to understand the market dynamics and consumer perceptions. Following a recognised trial period, these learnings will then provide the necessary market understanding and business model confidence to accelerate growth and roll-out of a best-in-class retail offer across the remaining network.

Mohsin Issa, Founder and co-CEO, EG Group expressed:

“This announcement represents another momentous chapter in the enterprise journey for EG Group. We now look forward to working with our exceptional US management team and begin to invest in the network in the coming months. Given the spatial spread across the USA, nurturing the right strategic brand partnerships for the respective market regions is going to be an important strategy focus in North America.

We already have established relationships with many leading US retail brands and consumers want to access convenient locations to fulfil multiple fuel, convenience store and food-to-go missions and stop at those locations that provide excellent welfare to motorists; for example, customers are looking to access a safe retail environment, well-lit sites with ample parking, free wi-fi, internal seating areas and clean washrooms.

We aim to invest and transform our locations into branded retail destinations and be recognised as an effective US fuel, convenience store and food-to-go retailer.

I would like to take the opportunity to thank my local team and colleagues from the EG Group, Kroger, suppliers and our professional advisers who have supported us throughout the whole transfer process.”

 

About EG Group

Founded in 2001 by brothers Zuber and Mohsin Issa, United Kingdom based EG Group is a leading petrol forecourt retail convenience operator who has established partnerships with global brands such as ESSO, BP, Shell, Carrefour, Louis Delhaize, SPAR, Starbucks, Burger King, KFC, Greggs and Subway.  The business has an established pedigree of delivering a world class fuel, convenience and food-to-go offer.

EG Group employs over 26,000 staff working in over 4,600 sites across various European markets including the United Kingdom, France, The Netherlands, Belgium, Luxembourg and Italy and the USA. EG Group has made a significant commitment to delivering a modern consumer retail offer which exceeds expectations and creates a true ‘one-stop’ retail destination to satisfy multiple consumer missions. The business is regularly recognized for innovation and investment in convenience retail assets, the employees and the systems. Zuber Issa and Mohsin Issa, Founders and co-CEOs of Euro Garages, were jointly named the 2016 NACS Insight European Convenience Industry Leader of the Year.

EG Group Contacts:

Media: Martin Currie, Citypress

E: martin.currie@citypress.co.uk

EG wins Asian Business of the Year 2018

Euro Garages was awarded the Asian Business of the Year at the 2018 Asian Business Awards last night at an event in London.

ZuberZuber Issa, collecting the Asian Business of the Year Award, March 23 2018

The gala event, attended by Dinesh K Patnaik, Deputy High Commissioner, High Commission of India, honoured outstanding business achievements across industries. The awards are Britain’s biggest celebration of Asian business success and entrepreneurship.

For a full list of winners, visit the website.