M&A Deal Summary

Direct Travel Acquires Creative Group

On April 2, 2015, Direct Travel acquired business services company Creative Group from Scorpion Capital Partners

Acquisition Highlights
  • This is Direct Travel’s 2nd transaction in the Business Services sector.
  • This is Direct Travel’s 9th transaction in the United States.
  • This is Direct Travel’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2015-04-02
Target Creative Group
Sector Business Services
Buyer(s) Direct Travel
Sellers(s) Scorpion Capital Partners
Deal Type Add-on Acquisition

Target

Creative Group

Appleton, Wisconsin, United States
website
Creative Group, Inc. is a full-service performance improvement company focused on meeting and event management, group incentive travel and individual recognition solutions.

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Buyer(S) 1

Buyer

Direct Travel

Centennial, Colorado, United States

website

Category Company
Founded 1980
Sector Business Services
DESCRIPTION

Direct Travel is a corporate travel management provider offers outsourced booking and management of employee air travel, transportation and accommodations, focusing on mid- to large-sized corporate accounts. Direct Travel was founded in 1980 and is based in Centennial, Colorado.

DEAL STATS #
Overall 9 of 17
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 9 of 16
State (Wisconsin) 1 of 1
Country (United States) 9 of 15
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Suzi Davis Travel

Bloomington, Illinois, United States

Suzi Davis Travel LLC is a full service travel agency specializing in leisure, corporate and group travel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Hobson Travel

Naperville, Illinois, United States

Hobson Travel Ltd. is a full-service travel agency and professional services firm dedicated to creating the best travel experience for their clients worldwide.

Buy -

Seller(S) 1

SELLER

Scorpion Capital Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 1995
PE ASSETS 120M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Scorpion Capital Partners LP is a private equity firm that partners with management to invest in smaller middle-market companies. Scorpion looks to make equity or equity like investments of $5 to $10 million in businesses with $10 to $100 million of revenue and EBITDA of $4 to $25 million. The Firm will consider both control and minority investment to support growth capital needs, recapitlizations, divestitures, take privates, and family successions. Scorpion has no industry focus, however the Firm will not invest in real estate, gaming, tobacco, biotechnology, software development, as well as start-up and early stage ventures. Scorpion Capital Partners was originally established in 1995 and is based in New York City.

DEAL STATS #
Overall 7 of 8
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Wisconsin) 1 of 1
Country (United States) 7 of 8
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-22 3D Medical Manufacturing

Riviera Beach, Florida, United States

3D Medical Manufacturing is a manufacturer of critical high precision medical device implants, cutting tools, instruments, and electro-mechanical assemblies. Specializing in full service fabrication from materials of Titanium, Stainless Steel, PEEK, precious metal, Aluminum, and plastic that demand close tolerances and superior cosmetic finishing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Wellpartner

Portland, Oregon, United States

Wellpartner is a provider of home delivery pharmacy services dedicated to lowering prescription drug costs while improving health outcomes for individuals. Wellpartner uses automated fulfillment systems and highly personalized customer service to reduce prescription costs and improve pharmacy care.

Sell -
Mergr

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