Red Oak Taverns is to acquire nine Business Partnership (tenanted) pubs from Dorset family brewers, Hall & Woodhouse, making it Red Oak’s third pub package acquisition in 2021.
Co-founder and Chief Executive of Red Oak, Mark Grunnell said, “We are delighted to be acquiring these high quality pubs from Hall & Woodhouse and very much look forward to welcoming their hardworking business partners to Red Oak Taverns. This acquisition will be the third portfolio acquisition this year for us and shows our commitment to growing a quality pub estate throughout the UK by working with pub owners and family brewers in a professional and diligent way. These highly performing pubs will be a great fit to our business.
“The commitment to growing our business remains undiminished by the pandemic and this will be the third portfolio acquisition we have made this year, we have also added three individual pubs to our estate, taking our total acquisitions this year, so far, to 25 pubs. The pandemic has only temporarily interrupted our growth plans and we are ready to take advantage of investment opportunities that become available with a view to doubling the size of our business over the next two years”.
Matt Kearsey, Managing Director of Hall & Woodhouse, said: “We have always actively managed our pub estate, and made the decision to sell these pubs to take advantage of strong demand, in order to reinvest in other properties which are better aligned to the long-term strategy of our excellent Business Partnership estate.
“We are currently seeing some exciting opportunities in the market to buy high quality pubs in prime locations, often with accommodation. We have already bought two freehold pubs, and have a further five sites in solicitors’ hands.
“We thank our business partners for their loyalty over the years, it has been a pleasure working with them, and we are confident that their pubs will continue to thrive under Red Oak’s ownership.”
The pubs are largely community and rural destination venues. Simon Chaplin at Christie & Co advised Red Oak on the transaction. Hall & Woodhouse were not represented.
ENDS
Notes to editors:
List of Hall & Woodhouse pubs acquired:
| Pub Name | |
| SUN INN, GODALMING | |
| DOG & BACON, HORSHAM | |
| DRAX ARMS, WAREHAM | |
| WHITE HART, SHERBORNE | |
| BEAR, HORSHAM | |
| THE TAVERN, HORLEY | |
| PARK CRESCENT, BRIGHTON | |
| PLOUGH, CRAWLEY | |
| PLOUGH, REIGATE |
Background Red Oak Taverns
Founded in 2011 by Aaron Brown and Mark Grunnell, Red Oak Taverns is an entrepreneurial national pub company which comprises 201 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
Information about Hall & Woodhouse:
Hall & Woodhouse is an independent Dorset family company that brews award winning Badger Ales and runs an estate of high-quality pubs in the south of England.
The company was founded in 1777 by Charles Hall, a Dorset farmer, who opened a Brewery in the village of Ansty. More than 60 years on, his son Robert (who inherited the brewery) brought Edward Woodhouse into the business as his commercial partner. Edward fell in love with, and married, Charles Hall’s grand-daughter – Hannah Dodge. Hall & Woodhouse was born.
Hall & Woodhouse has a collection of c.170 beautiful pubs that make up its managed house and Business Partner estate, stretching from Bristol to Exeter, London to Brighton.
Hall & Woodhouse’s award-winning range of Badger bottled ales are stocked nationally in leading supermarkets and available for UK delivery via www.badgerbeers.com
Family owned with Mark Woodhouse and Anthony Woodhouse as the current seventh generation stewards, the business is proud to be a leading independent regional brewer, with an established estate of 170 beautiful pubs across the south of England.
Hall & Woodhouse is a values-led business where its team are at the heart of everything it aspires to.
Please visit www.hall-woodhouse.co.uk for more information.
Press release from Red Oak Taverns
For further press information on Red Oak Taverns contact:
Elaine Beckett
Phone – 07802 782115
E-mail – elaine@darlscommunications.co.uk
For press enquiries regarding Hall & Woodhouse contact:
Shona Byrne at Liz Lean PR
T: 01202 112036