M&A Deal Summary

Travel + Leisure Acquires The Resort

On February 7, 2011, Travel + Leisure acquired leisure company The Resort from Tonka Bay Equity Partners

Acquisition Highlights
  • This is Travel + Leisure’s 4th transaction in the Leisure sector.
  • This is Travel + Leisure’s 2nd transaction in the United States.
  • This is Travel + Leisure’s 1st transaction in Colorado.

M&A Deal Summary

Date 2011-02-07
Target The Resort
Sector Leisure
Buyer(s) Travel + Leisure
Sellers(s) Tonka Bay Equity Partners
Deal Type Add-on Acquisition

Target

The Resort

Steamboat Springs, Colorado, United States
The Resort Co. LLC is a provider of resort condominium management services. The Resort Co. was formed in 1998 and is based in Steamboat Springs, Colorado.

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Buyer(S) 1

Buyer

Travel + Leisure

Orlando, Florida, United States

Category Company
Founded 1990
Sector Leisure
Employees19,000
Revenue 3.8B USD (2023)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.


DEAL STATS #
Overall 5 of 14
Sector (Leisure) 4 of 13
Type (Add-on Acquisition) 5 of 13
State (Colorado) 1 of 1
Country (United States) 2 of 8
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 James Villa Holidays

Maidstone, United Kingdom

Largest villa rental business in Europe with 3,000 villas in 32 destinations. Direct sales organisation, with the majority of sales via the internet

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 Shell Vacations

Orlando, Florida, United States

Shell is one of the largest independent vacation ownership club and property management groups, serving approximately 115,000 members and 19 managed resorts in North America.

Buy $255M

Seller(S) 1

SELLER

Tonka Bay Equity Partners

Minnetonka, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 560M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tonka Bay Equity Partners is a Midwest US-based private equity firm that targets control and non-control investments in manufacturing, business services, and value-added distribution companies with at least $2 million of EBITDA. Tonka Bay will consider a variety of transaction situations, including management buyouts, shareholder liquidity events, recapitalizations, and expansions. Tonka Bay Equity Partners was formed in 1998 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 6 of 24
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 3 of 12
State (Colorado) 1 of 3
Country (United States) 6 of 24
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-07 Checkers Safety

Broomfield, Colorado, United States

Checkers Safety is a provider of branded industrial safety products dedicated to vehicular safety, asset protection, and workplace safety. Checkers Safety was founded in 1987 and is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-20 Restaurant Technologies

Mendota Heights, Minnesota, United States

Restaurant Technologies is a foodservice industry partner, proudly serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in

Sell -