Santander fuels HKS acquisition
HKS Motors, based in Leicester, has purchased Oldbury’s Bury Hill Service Station with support from Santander Corporate Bank. The acquisition is the latest in a string of deals for the petrol station operator, and the company said it will enable it to “continue to develop our growth strategy with confidence”.
The company owns and operates 24 petrol stations nationwide with a concentration of sites in the East and West Midlands. The family-run business has grown significantly over recent years through acquisitions, and said it has “strong aspirations for further growth”.
Shane Thakrar, head of business development at HKS Motors, said: “We are pleased that Santander has continued to support us in our growth strategy and would like to thank the team for once again delivering a competitive deal in an efficient manner.
“This latest acquisition enables us to further strengthen and develop our geographic footprint and to support the local economy with continuity in the jobs market and enhancement in local services.”
The sum of the latest deal was not disclosed.
