© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Team Sport Acquisition of Pole Position Indoor Karting
Posted 30th September 2015

Team Sport Acquisition of Pole Position Indoor Karting

Team Sport

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Team Sport Acquisition of Pole Position Indoor Karting

Team Sport Acquisition of Pole Position Indoor Karting

Image

TeamSport is a rapidly growing business, having opened 7 new tracks in only 2.5 years. As Managing Director, the majority of my time is spent focussing on new projects and acquisitions and building our all important pipeline for the future growth. Together with the highly experienced management team we have also invested a great deal of time and energy in developing our overall business strategy and ensuring regular, meaningful engagement with all employees company wide.

As Managing Director, most of my time is spent on new projects and acquisitions, and building our pipeline for the next few years. The other key aspects of my role are working on strategy with my management team and generally overseeing the business, talking to our great people and hopefully inspiring them to achieve more.

In terms of what makes us unique, we tend to invest more in our facilities than other tracks in the UK, so the core product we offer is really strong. Perhaps more importantly is the focus of our people on delivering exceptional service. In my view, this is what really sets us apart from other leisure experiences.

Since our inception, we have been a growing company adding more and more tracks across the UK. We began in 1990 under the banner of ‘Go-Karting For Fun’ in Guildford where we set new standards for go karting events and unparalleled centre facilities. Since then we have gone from strength to strength, establishing ourselves as a leader in our industry and looking towards sustaining and building upon this success. Our acquisition of Pole Position is a testament to this success, and will inevitably lead to further opportunities down the road.

We believe that this deal gives us a springboard into the North of England. We already had a track in Warrington, so to have a second in the North will really build our reputation in this region. With new tracks due to open in Nottingham (December 2015) and Liverpool (early 2016), the Leeds acquisition has enabled us to start building a team in the North for further growth.

Pole Position in Leeds had been operating for over 10 years and had a really good reputation. It is a massive track, with a great team who were all really committed and proud to work at what many thought to be the best track in the north. Leeds itself is a great city and with the location of the track so close to the City Centre as well as having great access to the motorway network, this made it a really appealing opportunity for the company.

Pole Position will also now benefit from a refit and rebranding of the hospitality areas. We are putting in a new bar and restaurant area, as well as new conference and meeting rooms for events. We think it will give the place a real lift. Trackside, there was not much to do as the circuit itself is excellent, and a really good driving experience.

The process of getting the deal done took about nine months to complete, beginning with my first conversations with the vendors. There were a few minor challenges along the way, but nothing we couldn’t work through. From our experience, good communication between all parties seems to be the most important thing in maintaining the momentum on deals.

Looking ahead, we plan to be quite aggressive in expanding our services over the next few years. In terms of new builds, we have a really strong pipeline of new opportunities, and I expect us to have at least 20 tracks in the UK by the end of 2016. We are also looking at a couple of acquisitions that could accelerate this growth further. 

Image

Company: TeamSport Indoor Karting
Name: Dom Gaynor
Email[email protected]
Web: www.team-sport.co.uk 
Telephone: 0844 998 0000

Article originally featured in AI September Issue

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Key Qualities to Look For Choosing Your Right Conveyancer in Brisbane
News
11/07/2024Key Qualities to Look For Choosing Your Right Conveyancer in Brisbane

Key Qualities to Look For Choosing Your Right Conveyancer in Brisbane Ever wondered what makes Brisbane such a captivating city? With its endless sunshine, lush parks, and dynamic urban culture, it’s no surprise that Brisbane’s real estate market i

Read Full PostRead - Eye Icon
Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition
Legal
07/05/2015Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland's Acquisition

Read Full PostRead - Eye Icon
Abundant Opportunities in Botswana
Finance
05/12/2016Abundant Opportunities in Botswana

BDC is a development finance Institution tasked with the industrialisation of Botswana.

Read Full PostRead - Eye Icon
MacBook Security: How to Securely Use Company Data on a MacBook?
Innovation
15/01/2024MacBook Security: How to Securely Use Company Data on a MacBook?

Online safety is a big concern for everyone – employees, and companies. Hackers are always on the lookout for vulnerabilities that can make their work easier by helping them access a computer. Here are the best ways you can prevent it from happening.

Read Full PostRead - Eye Icon
Expert Advice When You Need It
Finance
06/06/2017Expert Advice When You Need It

Leading Advisors of the Year - Property Investment Advisor of the Year – UK award winner Intercorp Group is a privately owned high-level consulting firm, which provides tax, estate planning and fiduciary structure solutions to high-net-worth families. To cel

Read Full PostRead - Eye Icon
Proudly at the Forefront of International Business Law
Legal
08/10/2024Proudly at the Forefront of International Business Law

Among the specialised law firms in Europe, some stand out as eminent options for meeting clients' business law needs.

Read Full PostRead - Eye Icon
Tesco Mobile Reveals New Brand Identity
Strategy
07/09/2020Tesco Mobile Reveals New Brand Identity

Tesco Mobile has revealed today a brand redesign to revitalise the brand expression and to align it more closely with the wider Tesco family. The UK mobile network’s new brand look and feel includes a refreshed logo and the use of bold brand colours and ener

Read Full PostRead - Eye Icon
Expertise in All Fields of Business
Legal
10/02/2017Expertise in All Fields of Business

We are a Tunisian law firm of international standing specialised in business law, recently chosen as part of the ‘2016 African Excellence’ awards.

Read Full PostRead - Eye Icon
The Future of Salon Management: Embracing Technology for Better Results
Innovation
03/03/2023The Future of Salon Management: Embracing Technology for Better Results

Salon management has changed drastically in the past few decades. From the adoption of modern technologies to more efficient operational systems, salons have made significant strides in improving their services.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow