Direct Travel (No. 9 on Travel Weekly’s 2019 Power List), a
roll-up of travel management companies based in the Denver area, has acquired
Professional Travel of Cleveland (No. 31 on the Power List).
Terms of the acquisition, Direct Travel’s largest in the
U.S. to date, were not disclosed.
According to Direct Travel, Professional Travel has more
than 175 employees with sales of $448 million. Professional Travel’s leadership
team will remain in place following the acquisition.
“We’re enthusiastic to begin this new chapter with Direct
Travel as it will allow us to provide more depth and a wider array of services
to our clients,” Professional Travel chairman and CEO Bob Sturm said in a
statement. “Direct Travel’s focus on the mid-market customer along with their
service excellence means they are committed to the same guiding principles that
have shaped our agency from the beginning.”
Source: Read Full Article