Manchester tour operator acquires East Midlands cycling holiday firm
Sports Tours International, an active holiday and multi-sport tour operator based in Manchester, has expanded its offering with the acquisition of a Leicester-based rival.
The deal will see cycling trip operator Freewheel Holidays trade from Sports Tours’ offices in the Walkden area of Salford.
Sports Tours’ CEO, Chris Bird, said of the acquisition: “We continue to develop our cycling offer through our core mass participation and challenge brand alongside our leisure business Wheel2Wheel Holidays.
“The addition of Freewheel Holidays will further strengthen our position as the operator of choice for all things cycling, no matter where you want to go and at what level you want to experience.”
In its last trading year, Sports Tours achieved sales of £9.2m with a pre-tax profit of £394k.
Chris continued: “Having spent the last seven years developing our business into a multi active sport and leisure provider I am delighted both with our growth and future outlook.”
In addition to its active holidays and multi-sport tours, the firm also runs a number of mass participation events in Greater Manchester, including the We Love Mcr 10k, the Tour of Tameside and the City of Salford 10k.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis