Broadway Travel and its sister company, Bedswithease, have been snapped up by a private investor.
The buyer, Nathan Bullas, has 21 years’ experience in the regulated financial services sector and is a major shareholder and board executive in businesses across leisure, hospitality, property development, technology, retail and financial sectors. He has grown his portfolio to an accumulated value of over £150m.
The board and management team will remain the same, with the investment ‘allowing the business to bounce back from the pandemic quicker than originally forecasted’, the company said in a statement.
Mr Bullas said: “I am looking forward to expanding my portfolio into the travel sector where I believe there are synergies with my existing businesses.
“I look forward to working with the existing teams and providing a sounding board for the management team to allow us to grow the business back to its pre-pandemic levels and beyond.”
Broadway Travel CEO Adam Pardini said: “This investment enables the business to forge ahead with our existing plans and fuel the anticipated growth and demand in the coming months.
“It is a strong testament to the management team that Nathan shares the belief and vision for the businesses in this uncertain period, we welcome his entrepreneurial style and look forward to the future with Nathan’s backing.”