9th January 2024 – Red Oak Taverns, the independent pub company, has begun its 2024 acquisition programme by adding a further four pubs to its portfolio from Marstons Pub Company. The pubs are the Pied Bull, Shepshed, the Prince Albert, Kingswinford, the Queens Arms, Bakewell and the Victoria, Oxford.
This is the second acquisition Red Oak has made from Marstons in the previous twelve months, having previously acquired three assets from them in February 2023.
Commenting on the acquisition, Mark Grunnell, Red Oak’s co-founder and CEO said “We are delighted to have kicked off our 2024 acquisition programme with these four high quality ‘free-of-tie’ assets. They take our FOT division to more than 85 pubs and further demonstrate our unique proposition of flexibly operating substantial portfolios of both tied and FOT assets.”
Aided by its recent refinancing with OakNorth Bank, Red Oak Taverns continues to seek out and secure business opportunities on an individual and package basis.
ENDS
Press Contact: Elaine Beckett, Darls Communications: elaine.beckett@outlook.com / 07802782115
About Red Oak Taverns:
Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises 230 mainly leased and tenanted pubs. The Company is privately-owned by its co-founders and a small number of like-minded individual investors. The pub estate is mainly concentrated in the south, south west, north west and the midlands. Red Oak Taverns prides itself on its flexible partnerships with its Tenant Partners with the aim of developing long-lasting relationships.
Further details can be found on the Company’s website: www.redoaktaverns.com
Press Contact: Elaine Beckett, Darls Communications: elaine.beckett@outlook.com / 07802782115
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