Company History

MERGERS & ACQUISTIONS
WorldStrides was established through the merger of six of the country's leading student travel companies. These six companies are: Lakeland Tours (Charlottesville, VA), American Student Travel (Houston, TX), Educational Field Studies, (Incline Village, NV), Heritage Education & Festivals (Salt Lake City, UT), Bowl Games of America (Salt Lake City, UT) and Wider Horizons (Orlando, FL).

Lakeland Tours
In 1967, Phil Wendel created Lakeland Tours to address the void in student educational travel. Through the 70's and 80's, consumers responded and the company rapidly expanded. By 1990, Lakeland had more than 100 full-time employees and was working with schools from all 50 states and several foreign countries. In 1998, to ensure the financial resources needed to pursue an aggressive acquisition strategy, Lakeland partnered with First Union Capital Partners.

American Student Travel (AST)
Lakeland's first acquisition, AST, helped the company to rapidly expand its customer base in the Southwest and on the West Coast. This acquisition also brought in the number two player in the market for educational trips to Washington, D.C. and the number one player in trips to New York City. By acquiring AST, Lakeland clearly established itself as the dominant company in domestic educational student travel.

Educational Field Studies (EFS)
EFS was founded in 1969 by Larry Lusvardi who also saw a void in student educational travel. His mission was to offer thematic programs based on state and national curriculum standards. In this pursuit, EFS became the only company in the country offering accredited travel programs. By acquiring EFS, Lakeland gained access to accredited programs and significantly diversified its product offerings.

Heritage Education and Festivals

The acquisition of EFS lead to the pursuit of Heritage Education and Festivals and subsequently the Bowl Games of America (BGA) By combining the performing arts programs from EFS, Heritage, and BGA, Lakeland established itself as the clear industry leader in performance tours.

Wider Horizons
In June 2000, Lakeland acquired Wider Horizons, founded by Lyman Carter, to extend the company's leadership position in the field of educational programs for science. At the time, Wider Horizons was second to EFS in educational science-focused travel programs.

NEW COMPANY NAME

Effective January 2001, Lakeland brought all of its acquired companies together under a single brand, WorldStrides. The company's new tagline became "DISCOVER YOUR WORLD" which incorporated the concepts of learning through discovery and traveling the world.

OWNERSHIP

WorldStrides is jointly owned by company management and by the private equity affiliates of two of the country's leading financial institutions; First Union Capital Partners and BancAmerica Capital Investors.


 
 
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  • Company History
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