Business: Travel Department
Sector: Travel operation
Investor: MML Growth Capital Partners Ireland
Armstrong has provided commercial due diligence to MML’s investment in Dublin-based escorted tour operator Travel Department.
Travel Department is Ireland’s leading tour operator for guided group holidays. The business has over 22 years’ experience of providing memorable tours to over 100 destinations worldwide, with almost 200 itineraries including cultural breaks, long haul adventures, city breaks and sun holidays. Travel Department recorded revenue of over €40 million for 2017, led by Sara Zimmerman. MML’s investment will be used by the existing management team to continue to drive growth.
The business operates departures from Dublin, Cork, Belfast, Edinburgh, Glasgow, Aberdeen and Bristol. Providing insight into these local markets, customer behaviour and competitive environment provided the foundation for the strategic and operational recommendations at the heart of Armstrong’s commercial due diligence.
This the latest in a long line of travel deals for Armstrong in the last 18 months, including; Cruise.co plus German bolt-on Kreuzfahrtberater, QCNS, Ski Solutions, Blue Bay, and Just Go!
For further details please contact Tom Raymond, 07762 386 216 or firstname.lastname@example.org