M&A Deal Summary

Direct Travel Acquires Professional Travel

On January 14, 2020, Direct Travel acquired leisure company Professional Travel

Acquisition Highlights
  • This is Direct Travel’s 8th transaction in the Leisure sector.
  • This is Direct Travel’s 15th transaction in the United States.
  • This is Direct Travel’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2020-01-14
Target Professional Travel
Sector Leisure
Buyer(s) Direct Travel
Deal Type Add-on Acquisition

Target

Professional Travel

Cleveland, Ohio, United States
Professional Travel is a corporate travel management company specializing in mid-market corporate, leisure and group travel. Professional Travel is consistently ranked by Business Travel News as one of the top 35 travel management companies in the US based on total industry sales volume.

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Buyer(S) 1

Buyer

Direct Travel

Centennial, Colorado, United States
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 17 of 17
Sector (Leisure) 8 of 8
Type (Add-on Acquisition) 16 of 16
State (Ohio) 2 of 2
Country (United States) 15 of 15
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Meridican Travel

Markham, Ontario, Canada

Meridican Travel, Inc. is an award-winning, full-service meetings, events and incentives company focused on delivering world-class incentive travel programs, meetings and conferences, product launches, and consumer events. These transformative event experiences are designed to support long-term business goals and objectives. Meridican services a client list that includes but is not limited to automotive, finance, insurance, food services, retail, telecommunications, and manufacturing companies.

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Mergr

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