A quartet of pubs from the McManus Pub Company portfolio has been sold to Valiant Pub Co.
Located across Northamptonshire, the properties sold include The Lord Byron, The Fox & Hounds, The Golden Horse and The Foundrymans Arms.
Gary McManus, Managing Director – McManus Pub Company, 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.
“It is the right time in our journey to reduce our liabilities and establish more solid foundations for the business. It gives us confidence to refocus our growth and explore exciting opportunities in bedrooms, wet led and neighbourhood venues, both locally and regionally.
“Tom McManus, Strategy & Operations Manager will lead future acquisitions of suitable leasehold and freehold pub opportunities across Northamptonshire, Essex and surrounding counties.
“Finally, we would like to wish Valiant Pub Co and their teams every success and hope that these pubs will continue to serve their local communities for many years to come.”
Neil Morgan, Senior Director – Pubs & Restaurants at Christie & Co, who brokered the deal, said: “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.”
Mark McGinty, Chief Operating Officer of Valiant Pub Company, said: “We are very happy to acquire these high-quality pubs and look forward to welcoming them to the Valiant family.”
