Travel company owners are benefiting from a “buoyant” mergers and acquisitions (M&A) market despite the approach of Brexit.
Harry Stoakes, partner, M&A, at BDO, said there had been a “flurry” of deals in the UK’s leisure travel sector this year, including On the Beach acquiring upmarket operator Classic Collection and Scottish agency Barrhead Travel being snapped up by US-based Travel Leaders Group.
“Because of what’s happening with the Brexit negotiations, people have been looking to do deals before the end of March 2019,” explained Stoakes.
