Mabanaft acquires Junction 29 Truckstop

Mabanaft has acquired Junction 29, one of the UK’s top-tier independent truckstops.  Completed on 5th August, the deal marks Mabanaft’s strategic commitment to developing a network of truckstops across the country, offering drivers and companies good-value, high-quality truckstops outside of those owned by the oil companies and large group networks.

Mabanaft acquires Junction 29 Truckstop
Eoin Dilworth, Martin Cook and Peter McCarthy (Mabanaft Ltd) with Jane and Charles Jesudason (Junction 29 Truckstop).

Junction 29 is strategically important to the commercial fuel network, supporting Keyfuels, UK Fuels and Morgan Fuels’ customers. Located in the Midlands, a short distance from the M1, the site offers superb facilities including a truck wash, bunkered fuel and 110 overnight HGV parking spaces alongside showers, a café, bar, lounge and shop that ensure driver welfare and vehicle security.
The success of the facility is a credit to Charles and Jane Jesudason; through their vision, industry knowledge and management skills Junction 29 has become a benchmark facility in the industry, boasting Truckstop of the Year in 2010 and 2013. Supporting the customers of the fuel card companies remains a high priority for our business and we will continue to build on the great work undertaken by Charles and Jane.
Mabanaft chose Junction 29 as their first truckstop acquisition due to its high standards and good reputation. Junction 29 delivers a template for the best practice and customer service Mabanaft plans to bring to future truckstop acquisitions. To honour their commitment to Charles and Jane Jesudason and the staff and drivers at the site, Mabanaft plans to retain all staff and facilities, with Charles Jesudason remaining as an independent consultant until early 2020.
“We’re excited to be diversifying into truckstops, starting with Junction 29,” said Martin Cook, joint managing director of Mabanaft Ltd.
“We intend to develop a portfolio of truckstops strategically located across the UK. This will strengthen our presence in the commercial fuel market and support the development of new non-fuel revenues such as parking, AdBlue, gas oil, driver hospitality and truck wash. Driver and vehicle security will be a feature of our facilities, providing locations which are beneficial to removing commercial traffic from insecure layby and side road parking, reducing congestion and theft.”
 “We’re proud to be helping owners bring some certainty to the future of their independent truckstops,” added Mabanaft’s business development manager, Peter McCarthy.
“Mabanaft is a family-owned business and we operate with the same care and ethos as many of the owners we’re in negotiations with. It is our aim to continue to provide the same high level of service and support to customers as they currently get.”