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.
Seamus Clifford, Head of Business Services led the transaction with his Corporate & Commercial team at Ellisons. Seamus commented “It has been a pleasure to work with Summit Advisory and assist Steve with this exciting new journey. We would like to wish Steve all the best for the future”
Deborah Potts, Founding Director, Summit Advisory said ‘My colleague, Gaby and myself are delighted that this sale crowns 30 years of dedication and entrepreneurship for Steve. 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.’
Steve 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.’