M&A Deal Summary

Cadre Acquires Executive Travel Directors

On May 6, 2020, Cadre acquired staffing company Executive Travel Directors from Elmore Companies

Acquisition Highlights
  • This is Cadre’s 1st transaction in the Staffing sector.
  • This is Cadre’s 1st transaction in the United States.
  • This is Cadre’s 1st transaction in Illinois.

M&A Deal Summary

Date 2020-05-06
Target Executive Travel Directors
Sector Staffing
Buyer(s) Cadre
Sellers(s) Elmore Companies
Deal Type Add-on Acquisition

Target

Executive Travel Directors

Chicago, Illinois, United States
Executive Travel Directors, Inc. is a provider of professional meeting planners to hire Travel Directors to help them better manage the on-site operations of their corporate events. Executive Travel Directors was founded in 1988 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Cadre

Great Neck, New York, United States

Category Company
Founded 2018
Sector Business Services
DESCRIPTION

Cadre is a marketplace for travel directors and event planners to connect and do business that gives the ability to directly, efficiently, and compliantly onboard and manage their freelance workforce. Cadre was formed in 2018 and is based in Great Neck, New York.


DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

Elmore Companies is a Midwest US-based private investment firm focused on acquiring business-to-business services and manufacturing companies. Elmore seeks companies generating $3 to $10 million of revenue and prefers acquiring from founders. Elmore was formed in 1984 and is based in Bloomington, Indiana.


DEAL STATS #
Overall 1 of 1
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Turner Mining Group

Bloomington, Indiana, United States

Turner Mining Group offers a full spectrum of mining services from coast to coast. Turner Mining provides a broad range of mining services including contract mining, overburden removal, land reclamation, materials processing, drilling, blasting, and pit planning. Turner Mining Group was founded in 2017 and is based in Bloomington, Indiana.

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