The latest deal increases Red Oak’s portfolio to 246 pubs. Credit: Red Oak Taverns.

UK-based pub company Red Oak Taverns has expanded its portfolio with the acquisition of 19 tied tenanted pubs from Marston’s.

The financial specifics of the deal have not been disclosed by either company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The transaction represents the third collaboration between Red Oak Taverns and Marston’s since February 2023.

Marston’s property director Andy Kershaw said: “We are pleased to complete this sale to Red Oak in line with our stated strategic objectives whilst matching a good partner for the long-term futures of these pubs and their operators.”

Red Oak has so far acquired 26 pubs from Marston’s, increasing its total number of establishments to 246.

The previous two deals between the companies involved free-of-tie pubs.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Red Oak Taverns, it is still in a healthy financial position and aggressively seeking new acquisition prospects to increase its market share.

Red Oak co-founder and CEO Mark Grunnell said: “We are delighted to have completed the purchase of these high-quality pubs in a third successful deal with Marston’s.

“The ability to deliver, especially in times where the cost of capital is high, is crucial between any seller and buyer, and we have built a strong relationship with the Marston’s team.

“I would like to extend a special welcome to those tenant partners transferring over to the Red Oak Taverns family. Initial welcome meetings have already been held, and we look forward to developing investment plans together in the coming weeks.”

The acquisition process was supported by Fleurets and Freeths, who provided services for the buyer. Christie & Co and Deloitte Legal represented the seller.

In January 2024, Red Oak Taverns acquired four pubs from Marston’s: the Pied Bull in Shepshed, the Prince Albert in Kingswinford, the Queen’s Arms in Bakewell and the Victoria in Oxford.