McManus Pub Company sells four pubs to Valiant Pub Co
McManus has taken this decision to ‘reduce its liabilities and establish more solid foundations for the business’
McManus Pub Company has announced that it has sold four pubs in Northampton to Valiant Pub Co.
The properties sold include The Lord Byron, The Fox and Hounds, The Golden Horse and The Foundrymans Arms.
McManus has taken this decision to “reduce its liabilities and establish more solid foundations for the business”.
Tom McManus, strategy and operations manager will lead future acquisitions of suitable leasehold and freehold pub opportunities across Northamptonshire, Essex and surrounding counties.
Managing director Gary McManus said: “This is not a decision we have taken lightly, and it is with a heavy heart that we say goodbye to a group of pubs that has been with us for many years.
“We would like to thank all of our guests that have dined, drank and supported us through the years. We owe a huge debt of gratitude to all of our teams, past and present, for their hard work and dedication and we wish them all the best for the future.”
Neil Morgan, senior director – Pubs and Restaurants at Christie and Co, who brokered the deal, added: “I have been working closely with Gary and his team on re-positioning their existing pub estate, with a focus on expanding their managed house portfolio within Northampton and further afield.
“I’m delighted to have assisted with the disposal of these four charming local pubs to Valiant, who will no doubt continue to invest in the pubs and their teams, to ensure they remain at the heart of their local communities. I look forward to working with both McManus and Valiant again in future.”