KBS Corporate advises on acquisition of successful sports travel management agency
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KBS Corporate has advised on the acquisition of Fairway International Travel Limited, providers of Corporate travel services and flights to professional golfers across the European Tour and Worldwide.
Based in West Yorkshire, Fairway has over 25 years of experience of the travel industry, and therefore uphold a unique position in the travel sector, and specifically in the golf break market.
Fairway displayed excellent growth potential, and had a number of innovative projects in the pipeline, such as the development of a Travel App and an online booking tool. KBS Corporate ensured that the scope for growth was conveyed to potential acquirers, in order to attain the best possible price for the company.
KBS Corporate targeted over 200 parties, and received widespread interest. The eventual acquirer, Incorporate Travel Management Limited, is a Manchester-based travel company that was looking to invest within the sports travel sector.
Guy Haynes, Corporate Director at KBS Corporate, commented, “From the outset there was an obvious synergy between Fairway and Incorporate Travel. Incorporate were looking to develop a sports division and Fairway had an outstanding client base in the golf sector as well as an extremely well-run operation. This transaction allows two of our clients to exit the business as part of their retirement plans while the third can look forward to an exciting future with the company going forward. We had interest from several sources but it was Incorporate that picked the ball up and ran with it, and I hope that this transaction is a success for both sides.”