Jos Richardson grows portfolio
JOS Richardson & Son has added a fuel station and convenience store to its portfolio.
The BP station and Costcutter store on the A19 at Escrick, in North Yorkshire, joins Jos Richardson’s interests which include Peugeot and Vauxhall car dealerships, Shell and Jet petrol stations and Spar convenience stores.
Company director Joseph Richardson said: “The Escrick site is an ideal addition to our existing portfolio. It fits perfectly with our ongoing expansion strategy of acquiring fuel stations and convenience stores which we believe we can enhance over time.”
The deal saw Jos Richardson & Son, which employs 80 people, buy the entire share capital of York Road Garage. The company was advised by law firm Gordons.
Corporate solicitor Jonathan Asquez said: “We are very pleased to have been able to assist Jos Richardson & Son in this latest acquisition.
“The company has a great legacy and through deals such as this clearly demonstrates its vision for the future.”
Accountancy advice was provided to Jos Richardson & Son by Atkinsons in Hull while the sellers were advised by Hague & Dixon Solicitors in York. The acquisition was funded by NatWest with the bank receiving legal advice from Andrew Jackson Solicitors in Hull.
