Skydive The Beach has bought North Queensland tourism icon Raging Thunder for $15.4 million as it strives “to become the largest adventure tourism group in the world”.
Raging Thunder was founded in 1984 as a rafting company operating out of Cairns.
It has since expanded into canyoning, hot air ballooning and Barrier Reef Cruises.
Raging Thunder’s profit has risen sharply over the past three years.
Earnings before interest tax depreciation and amortisation grew from $1.5m for FY2014 to just over $3m in FY2016.
Skydive The Beach is an ambitious tourism company listed on the Australian Stock Exchange.