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Wear Inns adds a further two managed pubs to its portfolio

Wear Inns adds a further two managed pubs to its portfolio..

“This year has been phenomenal and we are delighted to complete the second part of our acquisition strategy.”

John Weir,
Managing Director of Wear Inns

Wear Inns, a company focused on acquiring and managing a chain of community pubs across the North of England, has successfully acquired a further two premises from the Orchid Pub Group. The company acquired nine pubs from TCG Bars in July 2012, so has completed a total of 11 acquisitions only five months after receiving a £10 million funding package from NVM and Business Growth Fund (BGF). This will bring Wear Inns’ managed pub estate to a total of 26 premises.

The newly acquired premises include The Colonel Prior in Sunderland and The Park in Bradford. Both pubs fit into Wear Inns’ target criteria of community-focused establishments with a potential for development.

John Weir and John Sands have used their extensive experience of managing large pub chains to build up an impressive estate of premises across the North. This is a management team that truly understands its market and customers. We are pleased to be a part of their ongoing success in an industry that has had its ups and downs over the years.

Mauro Biagioni
T 0191 244 6025
E mauro.biagioni@nvm.co.uk

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We seek investment opportunities in UK businesses that have the right mix of flair, growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. Typically, we look to invest between £2m and £10m.

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