Independent pub operator Red Oak Taverns has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum.
The three pubs — The Great Western, Bewdley, The Railway in Alsager, Crewe, and The Black Boy, Bridgnorth — will be added to the company’s current portfolio of 177 pubs.
Co-founder and chief executive of Red Oak, Mark Grunnell, said: “These sites are a perfect match for our business and are fantastic community pubs. We are looking forward to welcoming the tenant partners and their established businesses to our pub company in readiness for when we all re-open.”
Red Oak was founded in 2011 and has grown to 180 tenanted and free-of-tie sites since then, with the most recent multiple acquisitions being from Wadworth and Reclamation Inns.
Grunnell added: “We want to look beyond these difficult times and continue to invest in and grow our business. We are in a financially stable position, and although the pandemic has slowed down our investment plans, we are focused on looking for more pub acquisition opportunities now and in the future.”
