SLR was appointed by CD&R-owned independent retail petroleum operator Motor Fuels Group (MFG) to support its proposed acquisition and merger with MRH (GB) Limited to create the largest independent fuel retail operator in the UK with over 900 sites and estimated value in excess of ₤2 billion.
SLR has provided environmental consulting support for a number of years to both MFG and MRH. This knowledge of the respective businesses, coupled with our extensive and respected knowledge of the petroleum retain market enabled us to quickly establish an experienced due diligence team to provide support during the abridged, intensive, due diligence programme.
Key to our involvement was our ability based on an extensive track record, to understand the mechanisms for liability crystallisation and the resultant costs from such work.
SLR quickly identified the key issues of concern associated with an extensive portfolio of petroleum retail sites (circa 490 sites), a number of fuel storage depots and a fuel terminal site using a team of recognised experts in the assessment of environmental risks in the petroleum sector.