M&A Deal Summary

Elmore Companies Acquires Gant Travel

On January 1, 1989, family office Elmore Companies acquired business services company Gant Travel

Acquisition Highlights
  • This is Elmore Companies’ 1st transaction in the Business Services sector.
  • This is Elmore Companies’ 1st transaction in the United States.
  • This is Elmore Companies’ 1st transaction in Indiana.

M&A Deal Summary

Date 1989-01-01
Target Gant Travel
Sector Business Services
Buyer(s) Elmore Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Gant Travel

Bloomington, Indiana, United States
Gant Travel offers companies and travelers control of the expense and experience of business travel. Gant Travel was founded in 1934 and is based in Bloomington, Indiana.

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Buyer(S) 1

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 15
Sector (Business Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 14
State (Indiana) 1 of 8
Country (United States) 1 of 15
Year (1989) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Cornerstone Information System

Bloomington, Indiana, United States

Cornerstone Information System is an IT Services provider helping travel companies and direct buyers automate their fulfillment, information, and spend management processes. Cornerstone Information System is based in Bloomington, Indiana.

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