Summit Advisory successfully facilitated the sale of Sports Tours for its founder, Steve Da Costa, to Rayburn Tours, school travel specialist, on 8 April 2019.
Da Costa founded Sports Tours 30 years ago and built it to become a leading provider of UK tournaments and European tours for the youth sports club market.
Rayburn Tours is an independent, family-run group tour operator based in Derby, specialising in educational trips, ski trips and sports tours for schools, as well as concert tours for all types of youth and adult ensembles. The combined business will now have a total turnover of £18m and will be responsible for sending over 43,000 passengers to worldwide destinations each year.
‘My colleague, Gaby and myself are delighted that this sale crowns 30 years of dedication and entrepreneurship for Steve. Having met him all those years ago, I am personally very pleased to see him reap the rewards of his success and to have helped him find the right new home for his business and team.’ ’ stated Deborah Potts, Founding Director, Summit Advisory.
Da Costa added ‘Rayburn Tours and Sports Tours represent a perfect partnership going forwards. I am very much looking forward to working with the very impressive Rayburn management team and am very grateful to Summit Advisory for finding them.’
Jamie Boyden, Joint Managing Director of Rayburn Tours, commented: ‘We are delighted to have acquired Sport Tours as we are now ideally placed to expand our existing sports activity with sports tournaments and sport festivals throughout the UK and Europe.
‘The acquisition, along with Rayburn Tours’ strong organic growth, has resulted in our turnover almost doubling in the last 4 years. The continued expansion increases opportunities for our employees along with providing fantastic and memorable experiences for even more young people.’