Euro Garages

Euro Garages
Private
Founded 1995
Founder Mohsin Issa
Zuber Issa
Headquarters Blackburn, United Kingdom
Number of locations
 United Kingdom, France, Benelux
Key people
 Zuber Issa (chief executive)
Mohsin Issa (managing director)
Owner Issa family & TDR Capital
Number of employees
 2,000 (2015)[1]
Website eurogarages.com

Euro Garages is a Blackburn based chain of filling stations in the United Kingdom, France and the Benelux countries. By 2017, it operated more than 341 filling stations in the United Kingdom and Europe. Its founders, brothers Mohsin and Zuber Issa, are self made billionaires.

History

The company was co founded by brothers Mohsin and Zuber Issa of Indian Gujarati descent in 1995, when they bought a petrol station in Bury, Greater Manchester.[2][3][4] It is headquartered in Blackburn, United Kingdom.[5] Zuber Issa is the chief executive, while Mohsin Issa is the managing director.[5]

By 2011, the company operated 73 filling stations in the United Kingdom, with Starbucks, Burger King, Subway, Spar and Greggs retailers and drive throughs.[6] By 2000, it operated 200 stations in the United Kingdom.[5] By July 2015, they acquired 172 more filling stations.[1] As a result, they operated 352 filling stations.[1] They also hired 2,000 staff.[1]

In October 2015, the private equity firm TDR Capital acquired a stake in the company.[7] Euro Garages made a deal with the European Forecourt Retail Group in October 2016.[4] By then, they operated 341 filling stations for BP, Esso and Shell with retailers in the United Kingdom and "more across France and the Benelux countries."[4] By 2017, the two brothers were billionaires.[2][3][4] The brothers are majority shareholders, while TDR Capital owns a stake.[4]

References

  1. 1 2 3 4 Robinson, Jon (21 July 2015). "EURO STARS: Blackburn brothers' petrol station empire to double after major takeover deal". Lancashire Telegraph. Retrieved 7 May 2017.
  2. 1 2 Watts, Robert (7 May 2017). "Brexit brings bonanza for billionaires". The Sunday Times. pp. 1–2.
  3. 1 2 McCall, Alastair; Watts, Robert (7 May 2017). "High-octane rise of brothers' firm shows family value". The Sunday Times. p. 3.
  4. 1 2 3 4 5 "Rich List 2017: 133=£1,000m". The Sunday Times Magazine. 7 May 2017. p. 50. Zuber, 44, and Mohsin, a year older, bought their first petrol station on a busy road in Bury in 1995 and wanted to go one better than their father, who ran a garage in the 1980s.
  5. 1 2 3 Bounds, Andrew (20 January 2015). "Convenience shopping boosts Euro Garages". Financial Times. Retrieved 7 May 2017.
  6. ↑ Long, Chris (2 December 2011). "Euro Garages brothers' business growth 'stunning'". BBC. Retrieved 7 May 2017.
  7. ↑ Begum, Shelina (20 October 2015). "TDR Capital takes a bite into Euro Garages for £1.3bn". Manchester Evening News. Retrieved 7 May 2017.
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