Summit Advisory Advises on Sale of Brook Green UK DMC to Atlas Travel Solutions
Summit Advisory was delighted to facilitate the successful sale of Brook Green for its founder, Hanneke Dannhorn to Atlas Travel Solutions (ATS) on 17 January 2020.
Founded in 1987 by Hanneke Dannhorn, Brook Green UK DMC is a leading DMC specializing in Incentives and Meetings focusing on creating high level events for worldwide corporate clients in England and Scotland.
Atlas Travel Solutions is a group of travel companies specialising in the world of business and leisure groups, with offices in the UK, Ireland, USA and Monte Carlo.
Following the successful sale, Hanneke stated:
‘Selling your business is a major decision for any founder. I am very happy that due to Summit Advisory’s invaluable help we found the dynamic family business Atlas Travel Solutions who will expand and develop the Brook Green UK DMC brand thereby securing a strong future for the wonderful Brook Green UK DMC team.
I will be very happy to continue to be involved with this exciting new chapter for the foreseeable future’.
Gildo Plate, joint Managing Director, Atlas Travel Solutions added:
‘We are delighted to be able to add Brook Green UK DMC to the ATS group of companies. Its unique reputation for excellence and the many memorable events managed through the years are a true reflection of Brook Green UK DMC’s legacy, which we aim to carry on growing as the leading meetings and events DMC in the UK, as well as for future growth in new destinations. ‘
Deborah Potts, director Summit Advisory, commented:
‘Following hot on the heels of the General Election, this consolidation in the UK DMC space is witness both to growing confidence in UK PLC and travel trade buyer appetites. Since the New Year, we have seen a marked growth in both Vendor mandates and contacts from Trade Buyers keen to grow by acquisitions in 2020’.