Based in Blackburn (UK), Euro Garages was founded in 2001 by brothers Zuber Issa and Mohsin Issa with the acquisition of a single petrol filling station in Bury, Greater Manchester. Together they have led the growth and development of the business over the past 19 years.
The early years saw steady growth, with the number of sites increasing to 76 by the end of 2012, and from the outset, the focus was on the development of a best-in-class retail proposition and a quality food offering on its forecourt sites.
Our UK business established its place as a leading independent forecourt retailer following a series of significant acquisitions from ExxonMobil (“Esso”) and Shell between 2013 and 2015. These acquisitions increased
the size of our UK estate from 76 sites at the end of 2012 to 372 sites by the end of 2015, giving the business a nationwide site footprint.
2016 was a transformational year which saw the Company take its first steps internationally. EG Group was formed following investment from TDR Capital early in the year. In November, we combined with one of TDR’s portfolio companies, EFR Group, a European forecourt operator with over 1,100 sites across France and Benelux. Our entrance into the continental European market provided a platform for future growth with the Group subsequently expanding its presence in Europe during 2018, with acquisitions undertaken in Italy, the Netherlands and Germany.
We entered the c-stores’ largest market in 2018 with the acquisitions in the USA of 762 c-stores from the Kroger supermarket chain and 233 Minit Mart sites.
During 2019, we extended our presence in the USA through the acquisitions of Cumberland Farms, Fastrac and Certified Oil, bringing our network in North America to a total of 1,697 sites across 31 states. We also entered the Australian market in April 2019 through the acquisition of Woolworths’ network of 537 Fuelco forecourts.
In March 2020, the Group became KFC’s largest franchisee in Europe through the acquisition of 145 KFC Foodservice outlets across the UK & Ireland.
These targeted strategic acquisitions complement our investment in organic
growth and have underpinned the growth of the business and increased our market share, which, combined with continued focus on our customer proposition and operational excellence, significantly strengthens our financial and risk profile. Our geographical diversification and increasing international scale provides a resilience in the Group’s earnings and allows for the sharing of best practice between territories, enhancing our ability to deliver long-term profitability and enhanced shareholder value.