M&A Deal Summary

JPMorgan Chase Acquires Frosch International Travel

On May 2, 2022, JPMorgan Chase acquired business services company Frosch International Travel from EagleTree Capital

Acquisition Highlights
  • This is JPMorgan Chase’s 1st transaction in the Business Services sector.
  • This is JPMorgan Chase’s 21st transaction in the United States.
  • This is JPMorgan Chase’s 2nd transaction in Texas.

M&A Deal Summary

Date 2022-05-02
Target Frosch International Travel
Sector Business Services
Buyer(s) JPMorgan Chase
Sellers(s) EagleTree Capital
Deal Type Add-on Acquisition

Target

Frosch International Travel

Houston, Texas, United States
Frosch International Travel is a travel management company. FROSCH provides premium travel services to clients of all sizes through a seamless global operations platform and innovative technology solutions that simplify and streamline the travel experience for business and deluxe leisure travelers. Frosch International Travel was founded in 1972 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

JPMorgan Chase

New York, New York, United States

Category Company
Founded 1799
Sector Financial Services
Employees311,921
Revenue 155.0B USD (2023)
DESCRIPTION
Entrance to Chase Tower in downtown Chicago, Illinois.
Entrance to Chase Tower in downtown Chicago, Illinois.

JPMorgan Chase is a financial institution. The Company provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase was founded in 1799 and is based in New York, New York.


DEAL STATS #
Overall 25 of 27
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 12 of 13
State (Texas) 2 of 2
Country (United States) 21 of 22
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Global Shares

Cork, Ireland

Global Shares is a provider of equity compensation management solutions, providing share plan administration, global custody, share-dealing, and financial reporting services to companies and their employees in over 100 countries worldwide. Global Shares was founded in 2005 and is based in Cork, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 RenovITe Technologies

Fremont, California, United States

RenovITe Technologies, Inc. is a cloud-based payments business solution provider offers IT or Knowledge Services coupled with solutions. RenovITe Technologies was founded in 2015 and is based in Fremont, California.

Buy -

Seller(S) 1

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 24 of 25
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 12 of 13
State (Texas) 1 of 1
Country (United States) 22 of 23
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Andronaco Industries

Kentwood, Michigan, United States

Andronaco Industries manufactures pipes, valves, hoses, pumps, and other flow control products for applications that require corrosion resistant properties for end customers in chemical, utilities, water and wastewater, energy, and other diversified industrial end markets. Andronaco Industries was founded in 1994 and is based in Kentwood, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 FuseFX

Los Angeles, California, United States

FuseFX is a provider of full-service visual effects for episodic television, feature films, commercials, ride films, and VR productions with a talented roster of creative and production personnel across locations in Los Angeles, New York, Vancouver, and Atlanta. FuseFX was founded in 2006 and is based in Los Angeles, California.

Sell -