Acuity Law Advises On Sale Of Travel House To Hays Travel
Key Contact: Phil Pugh
Author: Hannah Miles
Acuity is pleased to have advised Travel House Holdings Limited on the sale of its subsidiary, The Original Travel House Limited (Travel House), to Hays Travel Limited.
Travel House, an award-winning travel agency, was originally set up by entrepreneur and longstanding Acuity client Martin Morgan in 1992, before being sold to Thomson Holidays in 1999. In 2004, Mr Morgan reacquired the business (which Acuity acted on) and subsequently expanded it to become Wales’s largest independent travel agency, with 16 branches located throughout South Wales.
Hays Travel, one of the UK’s biggest travel agents, was set up 30 years ago by its founders Dame Irene Hays and her late husband John. Its acquisition of Travel House takes its retail network to 476 and further supports Hays’ strategic priorities.
Corporate Partner, Phil Pugh commented “We thoroughly enjoyed working with Martin, Jacob and the team. Travel House is a fantastic business with outstanding prospects. We wish the company every success in its future endeavours.”
Phil Pugh led the transaction alongside Senior Associate Chiara Howfield with support from Benedetta Cocconi, and Hannah Miles and cross-departmental support from Ben Honour, Sean Chapman James, Juliette Franklin, and Swyn Llyr.
For further information about the deal and how our award-winning team can help you and your business, please contact the Corporate Team.
