EG Group

EG Group sells Esso, BP, Shell and Texaco branded fuel, and operates third party retail brands in its back court operations, such as KFC, Spar, Carrefour, Louis Delhaize, Starbucks, Greggs, Burger King and Subway.

Euro Garages was co founded by brothers Mohsin Issa and Zuber Issa in 2001, who expanded the business from a single site (at a cost of £150,000) in Bury, Greater Manchester[2] and had grown to circa 340 sites in the UK. The growth co-incided with oil companies selling off their consumer petrol station assets to focus on their core production and refining business.[3] In October 2015, the private equity firm TDR Capital acquired a stake in the company.[4] In October 2016, Euro Garages acquired the Dutch headquartered European Forecourt Retail Group (founded in 2007, and was the European energy retail and marketing arm of Delek Group, before being acquired by TDR Capital in August 2014) from TDR Capital to form the Intervias Group, later renamed the EG Group. As a consequence of these transactions, TDR Capital now owns 50% of the enlarged group, with Zuber Issa owning 25% and Mohsin Issa the remaining 25%. In 2020, EG Group announced that they were opening 150 American Bakery outlets under a partnership with Cinnabon.[5] [6]

The combination of EG and EFR sought to create a scaled and diversified pan European platform that shares best practices and economizes on common shared services. The business is headquartered in Blackburn, United Kingdom, and has completed construction of a new global headquarters building, also in Blackburn.[7][8] It remains one of the largest privately owned businesses in the United Kingdom.[9]

Former Loaf 'N Jug now a Kroger's Smith's Express in Gillette, Wyoming[10]

In 2017, it bought 77 Little Chef roadside restaurants.

In November 2017, the business secured approximately 1,000 forecourt assets from Esso in Germany, which were transferred and integrated into the existing EG network in October 2018.[11]

In 5 February 2018, EG Group announced that it will purchase nearly eight hundred Kroger convenience stores for $2.15 billion.[12] Later that month, EG Group announced that it had completed the acquisition of circa 1,200 sites in Italy from Esso.[13] In April 2018, EG Group completed the acquisition of a portfolio of 97 sites in the Netherlands to supplement is existing network in the country.[14] On 9 November, 2018, Australian retailer Woolworths announced to the Australian Securities Exchange it had entered into a binding agreement to sell its 540 fuel convenience sites to EG Group for AUD $1.72b,[15] and in December 2018, EG completed its acquisition of 225 sites of Minit Mart from Travel Centers of America LLC for upwards of US$330m.[16]

In July 2019, EG completed its acquisition of fifty four Fastrac branded sites in the United States,[17] and announced a deal to acquire sixty nine sites operated by Certified Oil, also in the United States.[18] On July 31, 2019, EG Group announced having entered a binding agreement to purchase Cumberland Farms. [19][20][21] The completion of the sale ended eight decades of family ownership of the chain.

In March 2020, EG became KFC's largest franchisee in Europe through the acquisition of 145 KFC outlets in the UK & Ireland.[22]

In October 2020, EG’s owners won a deal to buy the supermarket chain Asda from Walmart for £6.8 billion bringing it back into British hands after more than 20 years.[23]

In November 2020, EG Group entered into a binding agreement for the acquisition of 18 locations of Schrader Oil in Fort Collins, Colorado.[24]

EG Group's acquisitions have been largely funded by debt, with a net debt of over £7.3 billion at the end of 2019.[25]