BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Sykes continues M&A drive with takeover of North Wales cottage firm

Sykes continues M&A drive with takeover of North Wales cottage firm

Thu, 12 Aug 2021 | BUSINESS SALE

Sykes continues M&A drive with takeover of North Wales cottage firm

Sykes Holiday Cottages has continued to tap into surging dealmaking in the UK’s domestic holiday sector with the acquisition of North Wales firm Abersoch Quality Homes. The acquisition adds 100 properties to Sykes’ portfolio of nearly 20,000 properties in the UK, Ireland and New Zealand.

Around 2,400 of those properties are in North Wales and the latest acquisition expands Sykes’ offering in the coastal region around Abersoch in Gwynedd. The acquisition comes after the family-owned firm’s founders, Debra and Tim Elvins, decided to step down to focus on other business.

Post-acquisition, the firm, which was founded in 2005, will be managed by Sykes Holiday Cottages’ flagship North Wales brand Menai Holidays. The deal comes less than a month after Sykes announced the acquisition of Suffolk-based holiday cottage letting firm Best of Suffolk.

Sykes has been one of the major beneficiaries of the rise in domestic holidaying during the Covid-19 pandemic, reporting significant increases in bookings for 2020 and 2021.The company has asserted that the increased popularity of “staycationing” will last beyond the end of the Covid-19 pandemic.

Discussing the acquisition of Abersoch Quality Homes, Sykes CEO Graham Donoghue said: "Like Sykes, Abersoch Quality Homes has always focused on providing exceptional accommodation and customer service.

"It's an exciting time for all involved and we're looking forward to supporting the long-term success of Abersoch Quality Homes' 100 properties – shining a spotlight on the holidays available in this beautiful part of the country."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Hair & Beauty Salon
Kent, South East, UK

The well established business opportunity originally opened its door over 25 years ago, and has been under the current ownership. During that time, they built up an excellent reputation and loyal customer base within the local area.

Asking Price: Offers Invited
Turnover: £340,000

LEASEHOLD


Campervan & Motorhome Conversion Solutions
UK Wide

An opportunity has arisen to acquire a reputable and successful business operating at the forefront of the leisure market. Supplies an extensive range of products for trade and DIY vehicle conversions, including roofs, fittings, wood, and complementa...

Asking Price: Offers Invited
Turnover: £8,000,000

LEASEHOLD


Specialist Skin & Beauty Clinic
South East, UK

Due to the affluent location, an excellent local reputation and diverse treatment offering, the company has shown resilience to wider economic troubles and has increased turnover consistently – showing highly profitable and optimistic opportunities f...

Asking Price: Offers Invited
Turnover: £349,163

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
15
 
Jun
 

Sykes continues diversification with caravan rental firm takeover | BUSINESS SALE

Online holiday accommodation platform Sykes Holiday Cottages...

 
10
 
Mar
 

Sykes Holiday Cottages continues expansion with double acquisition | BUSINESS SALE

Holiday cottage rental group Sykes Holiday Cottages has cont...

 
30
 
Nov
 

Sykes further expands portfolio with Northumberland acquisition | BUSINESS SALE

Sykes Holiday Cottages has added another 500 properties to i...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.