Punch Pubs acquires five sites from RedCat Hospitality

Punch Pubs has completed the acquisition of five pubs from RedCat Hospitality for an undisclosed sum. 

The transaction follows a previous agreement between the two hospitality groups that involved an eight-pub package.

The deal includes venues across Essex, West Yorkshire, Leicestershire, and London. The acquisition adds The Meynell Ingram Arms in Hoar Cross to the estate, which is located close to the main support centre of the purchasing group in Burton-on-Trent.

The Queensway Advisory team will provide transitional management services as the venues and their employees transfer into the purchasing business. 

RedCat Hospitality aims to use the proceeds to fund the expansion of its premium pubs-with-rooms business.

Andy Spencer, chief executive of Punch Pubs, said: “We are delighted to welcome another five pubs into the Punch family, each of which brings its own unique character, heritage and role at the heart of its local community.

“The Meynell Ingram Arms’ proximity to Burton-on-Trent is particularly meaningful for us. Punch has deep roots in the area and it’s always a pleasure to strengthen our estate close to home.”

He added: “As with all of our investments, these pubs represent an opportunity to work in partnership with passionate Publicans, to invest for the long term and ensure each site continues to inspire those moments for its guests and the community.”

Richard Lewis, chief executive of RedCat Hospitality, said: “This latest move forms the next step in our strategy to strengthen our position as the UK’s leading operator of premium pubs with rooms.

“We’d very much like to thank the teams in each of the sites for all their hard work over the years, in making the businesses a success and wish them all the best for this next chapter. We are confident that in Punch Pubs we have found the perfect new home for these high-quality pubs and that they will continue to thrive under the stewardship of the team there.”