Forecourt operator, Ascona Group, has strengthened its Scottish footprint with the acquisition of Kessock Group, which comprises five Esso- and Shell-branded petrol filling stations in Aberdeenshire and Moray.
Previously owned by the Simpson family, the sale of the business was brokered by Graham + Sibbald for an undisclosed sum and saw Ascona’s forecourt portfolio grow to 68.
Manoj Tugnait, Property Director for Ascona Group said “This acquisition marks an important milestone for Ascona as we continue to strengthen our presence across Scotland and the wider UK. The five sites we have acquired from the established Kessock Group, spanning from Inverness to Fraserburgh, offer strong customer bases and excellent long-term potential, increasing our Scottish portfolio to seven sites and growing.
“My sincere thanks go to the Simpson family James, Pamela, Jenna, and Laura for their professionalism throughout the process. I would also like to acknowledge Graham + Sibbald, who assisted in the sale process, including Brogan Grier and Adam Fotheringham; the team at Geo2; Paul Stapleton and Matt Williamson at Avison Young; Paul Carr from Paul Carr Stocktakers; and our legal advisers at CMS, led by Frank Fowlie and his team, as well as the many others involved. Their collective expertise was instrumental in bringing this transaction to a successful conclusion.
“We now look forward to welcoming the teams into the Ascona family and building on the success of these fantastic sites.”
