M&A Deal Summary

JTB Acquires Northstar Travel Group

On August 28, 2025, JTB acquired information services company Northstar Travel Group from EagleTree Capital

Acquisition Highlights
  • This is JTB’s 1st transaction in the Information Services sector.
  • This is JTB’s 1st transaction in the United States.
  • This is JTB’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2025-08-28
Target Northstar Travel Group
Sector Information Services
Buyer(s) JTB
Sellers(s) EagleTree Capital
Deal Type Add-on Acquisition
Advisor(s) BrightTower (Financial)
Jones Day (Legal)

Target

Northstar Travel Group

Rutherford, New Jersey, United States
Northstar Travel Group is a provider of business-to-business information, content, events, data, research, custom content, and software dedicated to the global travel and meetings industries. Northstar is the owner of well-known brands and products, including Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, Phocuswright, and Inntopia. Northstar Travel Group was founded in 1989 and is based in Rutherford, New Jersey.

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Buyer(S) 1

Buyer

JTB

Tokyo, Japan

Category Company
Founded 1912
Sector Business Services
Employees19,376
DESCRIPTION

JTB is a travel solutions provider, offering a diverse range of services and products tailored to a wide spectrum of travel-related activities. JTB was founded in 1912 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector: Information Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 4.8B USD
Size Large
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 28 of 28
Sector: Information Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 14 of 14
State: New Jersey M&A 3 of 3
Country: United States M&A 26 of 26
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-28 NuTrail

Miami, Florida, United States

NuTrail provides nut-based granola with no sugar added that is nutritionally superior, delicious and made with a simple list of ingredients. Made from a family recipe using nature’s nuts, seeds and fruits, NuTrail addresses modern consumers’ needs for low sugar and protein-rich foods. NuTrail is headquartered in Miami, Florida.

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