Roadside Real Estate acquires Hoch Group petrol station portfolio for £28.6M

Roadside Real Estate PLC (AIM: ROAD), the UK energy forecourt real estate business, has entered into a conditional share purchase agreement to acquire Hoch Group Limited for a net purchase price of £28.6 million (approximately £33.1 million in total cash consideration on a debt-free, cash-free basis). The Hoch portfolio comprises 12 premium-quality operational petrol station forecourts and a standalone convenience store strategically clustered predominantly in Cumbria and northwest England. The acquisition expands Roadside's portfolio to 20 sites in aggregate. Funding will come from a new £25 million revolving credit facility agreed in principle with HSBC, together with the company's existing Tarncourt facility. Hoch Group reported revenue of £68.8 million and adjusted EBITDA of approximately £2.7 million for the twelve months to March 2025, with an independent valuation of £30.1 million. The acquisition is expected to be immediately earnings-accretive and is conditional on third-party change of control consents. This follows Roadside's acquisition of Gardner Retail (six forecourts in southwest England) in February 2026 and D.A. Roberts Fuels in early 2026.