Redcomb Pubs sells to Young’s for £34 million

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Multi-site operator Redcomb Pubs is being sold to Young & Co for £34 million.

Redcomb’s 15-strong portfolio of pubs and bars, situated within prime locations across London, the home counties and the South West, will be transferred to Young’s managed estate division, bringing their total number of managed houses to 200.

Dan Shotton, managing director of Redcomb, said: “Our journey from a single site in 2010 to the 15 pubs and bars you see today has been an incredibly exciting and rewarding one.

“We’ve always had a real passion for creating great pubs and have been lucky enough to have built an amazing team around us who share our passion and have helped us grow.

“Through this acquisition, we are confident that the estate will continue to go from strength to strength, benefitting from its alignment and synergy with the ethos at Young’s.”

Patrick Dardis, chief executive of Young’s, added: “The team at Redcomb has created an outstanding, well-invested estate of pubs, which we are delighted to add to the Young’s fold.

“The acquisition of these pubs represents an excellent opportunity to continue the growth of the Young’s managed estate. They fit very well with our expansion strategy which is focussed on high quality managed houses.”

Pictured: Dan Shotton and Mark Draper, managing directors of Redcomb Pubs Ltd.

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