Inglenook acquires 9 pubs from Bolton operator Tonge Leisure
The Lancashire-based pubco that operates managed and tenanted sites has now increased its portfolio to more than 50 pubs after the deal made with Bolton-based pub operator Derek Tonge.
The acquisition brings the total number of freehold properties owned and operated by Inglenook to 55, which represents considerable growth as the company started from 12 just 12 months ago.
Family values
Inglenook Inns & Taverns chief executive James Waddington said “Our business is based on family values – hard work, integrity, flexibility and fun, with an eye to the future.
“This deal unites like-minded people and pubs, allowing an already successful business to continue to thrive and grow. We look forward to working with our new publicans, helping them both to grow their businesses and continue their success in pubs which are pivotal to the heart of the community, a place to enjoy a good pint and good company.”
Committed new owners
Tonge, who has sold the pubs that are in the Bolton and Wigan areas, said: “It was great to work with James [Waddington] and his team at Inglenook and to see the pubs pass on to new owners who are committed to looking after the pubs and the people who operate them.”
In December last year, Inglenook Inns & Taverns paid £2.4m for seven pubs after announcing in June 2021 it had acquired 20 freehold pubs in the Greater Manchester region.
Matthew Phillips Surveyors acted for Tonge Leisure. Matt Phillips said: “It was a pleasure to act for Derek in the sale and to deal with nine excellent, well-invested community houses. I am sure that the pubs will go from strength to strength under Inglenook’s ownership.”
