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There’s a Flurry of Dealmaking in Golfing, Boating, and Other Leisure Activities
Leisure-related takeovers have already topped $11 billion, the most since 2006.
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Interest in outdoor pastimes soared during the pandemic as health concerns forced a rethink of many indoor activities. That didn’t escape the attention of mergers-and-acquisitions bankers.
It’s only September, but so far this year companies have announced $11 billion in leisure-related takeovers in North America. That’s the highest annual volume since 2006, when private equity firms gobbled up travel-services companies Travelport and Sabre Holdings in a pair of multibillion-dollar deals.