Sale of HOCH Group Limited to Roadside Real Estate PLC completes
Specialist business property adviser, Christie & Co, has announced the completion of the sale of HOCH Group Limited to Roadside Real Estate PLC.
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The HOCH portfolio comprises 12 premium-quality, operational petrol filling stations and a standalone convenience store, located predominantly in Cumbria, in the North West of England.
The acquisition brings Roadside Real Estate PLC’s portfolio to 20 sites across the UK. Charles Dickson, Chief Executive Officer at Roadside Real Estate PLC, commented, “This transaction represents the next step of the Roadside journey to build a scalable, energy forecourt and convenience retail business in the UK. Hoch Group is a high-quality portfolio with unrealised potential and underscores management's commitment to creating shareholder value through the identification and delivery of operational and financial synergies derived from a scaled portfolio.”
The sale process was managed by Andrew Birnie, Steve Rodell, and Josh Haines at Christie & Co, acting on behalf of HOCH Group Limited. The deal reflects continued demand for well‑performing, regionally clustered forecourt and convenience retail businesses with opportunities for operational and developmental growth.
Steve Rodell, Managing Director – Retail & Leisure at Christie & Co, commented, “The completion of this transaction underlines the depth of demand we continue to see for high-quality forecourt portfolios with strong fundamentals. HOCH Group Limited is a robust, well‑invested business, and we are delighted to have delivered a successful outcome for the Hill family and shareholders through a highly competitive process. This deal demonstrates what can be achieved through early strategic planning and proactive deal management by collaborative advisors.”
The shareholders of HOCH Group Limited commented, “We would like to praise the hard work and professionalism of everyone within Christie & Co team, the Burnetts legal team, and Saint & Co accountants in guiding us throughout, right up to completion of the sale. Their strategic advice, market insight, and hands-on management throughout the transaction to completion was invaluable. We wish Roadside every success in taking the business forward under their ownership, they are taking on a great team.”
Michael Walby, Jennifer Bell, Eleanor Baird and Rebecca Collihole of Burnetts Solicitors led the legal aspects of the transaction and commented, “We are delighted to have advised our longstanding clients, the shareholders of HOCH Group Limited, on the sale of this successful petrol forecourt portfolio. It is a significant transaction in the sector and was made easier by all sell-side advisers working together to deliver the best possible result for the clients. We are confident that the company will continue to thrive as part of Roadside Real Estate PLC, and we wish them every success going forward.”
Lindsay Farrer and Sophie Graham of Saint & Co led the Saints Financial and Accounts team on the transaction and commented, “It has been our pleasure to advise the shareholders of HOCH Group Limited on this significant transaction. It marks the culmination of many decades of hard work by the Hill family, fellow shareholders and their associates, and we are delighted with the outcome achieved.”
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