Dual acquisition: Roadside Real Estate Plc

Crowe's Corporate Finance team is pleased to have supported AIM-listed Roadside Real Estate Plc (RRE) on its acquisitions of two UK-based petrol filling station businesses: Gardner Retail Limited, together with its subsidiaries (Gardner) and D.A. Roberts Fuels Limited (DA Roberts). The team also advised on RRE’s associated £20.75 million equity fundraise to part‑finance the acquisitions and support its entry into the forecourt and convenience retail sector.

The acquisition of Gardner, announced on 24 December 2025 and completed on 25 February 2026 for an estimated £17.8 million, marks the first step in RRE’s expansion. The acquisition of DA Roberts, announced on 17 February 2026, is expected to complete in March 2026 for an estimated £11.9 million. Together, these transactions represent a major milestone in RRE’s strategy to build a high‑quality, income‑generating roadside retail portfolio, providing immediate earnings benefits and a scalable platform for future growth.

Gardner operates six strategically located petrol forecourts across the South-West of England with annual fuel volumes of approximately 22 million litres. DA Roberts supplies motor and heating fuels, predominantly in bulk to local customers, with annual fuel volumes of approximately 95 million litres. Its operations also include a petrol forecourt, MOT centre and repair garage at its Grindley Brook site in Whitchurch.

Crowe's role and team

Crowe provided financial and tax due diligence. Mitesh Patelia led the Corporate Finance team with support from Jacob Porter, Tom Bui, Alex Slater and Alice Berendt.