McManus Pubs continues to grow its estate with the acquisition of The Montague arms, Barnwell. This 16th century stone-built inn has been extensively refurbished and extended during the private owners’ tenure, with traditional bars, a conservatory restaurant and large garden with room for parking.
Tom McManus stated, ‘’We are delighted to have secured The Montague Arms, Barnwell, which has a loyal following and a great reputation built up over many years by Ian Simmons and his fantastic team. The business fits perfectly with our selective acquisition strategy, and will be a great addition to the McManus Group. We would like to welcome all the existing staff to McManus Pubs and thank Everard Cole for negotiating the transaction.’’
Ian Simmons added, ‘’We have mixed emotions about leaving The Montague Arms after our long tenure of almost 17 years, but are delighted that such a highly regarded company as McManus Pubs have taken over the reigns and we wish them all the best. I’d like to also thank Everard Cole for their invaluable advice through the process.’’
Tom Nichols, Managing Director Everard Cole, concluded, ‘’Everard Cole are pleased to have sourced such a strong operator for the business on behalf of our private client, demonstrating the demand for strong profitable businesses, despite the uncertainties faced in the sector.’’