Fuel and forecourt retailer Applegreen has agreed a deal to buy the trade and some assets of the Brandi group - a forecourt retail operation in South Carolina.

The deal marks the company's first major acquisition in the US. 

Under its terms, Applegreen will pay $5.4m and a leading US institutional real estate investor will acquire certain property assets of the business for $70.1m.

Applegreen will then lease the property assets from the investor under a long term agreement. 

The business comprises a total of 42 sites located in or close to the city of Columbia, the state capital of South Carolina. 

34 of these sites are petrol stations which incorporate 11 Burger King restaurants and a number of other food outlets including Subway and Blimpie. 

Applegreen's chief executive Bob Etchingham said the deal with the Brandi group represents a significant milestone for the business. 

"We believe that this acquisition represents an opportunity to establish a significant presence in this market while also providing the potential for us to leverage our retail experience in this sector to enhance the current offering," the CEO said. 

"It also represents an ideal platform from which to further pursue our strategy for growth along the East Coast of the US," he added.