M&A Deal Summary

Castles Travel Acquires OTravel.com

On April 25, 2007, Castles Travel acquired internet software and services company OTravel.com from Overstock.com for 17M USD

Acquisition Highlights
  • This is Castles Travel’s 1st transaction in the Internet Software and Services sector.
  • This is Castles Travel’s largest (disclosed) transaction.
  • This is Castles Travel’s 1st transaction in the United States.
  • This is Castles Travel’s 1st transaction in Utah.

M&A Deal Summary
Date 2007-04-25
Target OTravel.com
Sector Internet Software and Services
Buyer(s) Castles Travel
Sellers(s) Overstock.com
Deal Type Divestiture
Deal Value 17M USD

Target

OTravel.com

Park City, Utah, United States
OTravel.com, Inc. is a on-line travel company specializing in customized lodging and vacation packages, primarily in popular ski areas in the U.S. and Canada.

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Buyer(S) 1

Buyer

Castles Travel

New York, New York, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Castles Travel Inc. is a provider of online travel agency which offers lodging and vacation packages.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Overstock.com

Midvale, Utah, United States

website

Category Company
Founded 1997
Sector E-Commerce
Employees1,750
Revenue 1.9B USD (2022)
DESCRIPTION

Overstock.com is an online "closeout" retailer offering discount brand-name merchandise for sale over the Internet. Overstock.com was founded in 1997 and is based in Midvale, Utah.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-02 Ski West

Calgary, Alberta, Canada

Ski West is a rapidly growing, profitable on-line travel company whose proprietary technology provides easy consumer access to a large, fragmented, hard-to-find inventory of lodging, vacation, cruise and transportation bargains.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-26 SpeedRoute Technologies

New York, United States

SpeedRoute Technologies LLC is a provider of technology services of broker-dealers the ability to cost effectively and intelligently navigate the U.S. Equity Markets.

Buy -
Mergr

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