The Oakman Group has announced the acquisition of six pubs from the administrators of Seafood Pub Company, expanding its portfolio by 20%.
The deal sees Joycelyn Neve, founder and former managing director (MD) at Seafood, join the Oakman Group as MD of the newly formed Seafood Pub northern division.
Some 150 jobs will be restored as a part of the transaction, which will also aim to keep Seafood’s supply chains intact.
Dermot King, CEO at Oakman, said that the acquisitions will be “the foundation stone” for the company’s third brand under its management.
He added: “Furthermore, these acquisitions will represent the next stage in our strategic development as we look to extend our boundaries beyond our home counties heartland.
“We believe that there is significant untapped potential, in the premium pub sector, and I am not placing any upper limits on our ambition.”
The group has also announced the promotion of Alex Ford from operations director to MD, reporting to King alongside the newly appointed Neve.
Peter Borg-Neal, founder and chairman at Oakman, said: “By having these two very talented young operators reporting into a CEO of Dermot’s experience and standing, I believe we are very well placed to move forward with confidence.”
The acquisitions mark a continuation of the group’s expansion strategy as it looks to operate 40 pubs under its portfolio by the end of 2021.