Posted December 14, 2016

CTM Bulks Up In The U.K. With Redfern Acquisition

Australia-based Corporate Travel Management announced plans to acquire U.K.-based Redfern Travel and Tasmania-based Andrew Jones Travel. In conjunction, the publicly traded travel management company issued a new share purchase option to eligible shareholders to raise A$71 million to fund the deals. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted December 18, 2015

CTM Buys Again With Montrose Travel Acquisition

Australia-based Corporate Travel Management acquired 60-year-old California-based agency Montrose Travel for a "base consideration" of $34.3 million, the companies announced Friday. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted December 11, 2015

As Travelport Ups Stake, Locomote Eyes Global Expansion

Travelport is priming Australia-based corporate travel management platform Locomote to expand into the United States and other regions. The global distribution system operator recently raised its stake to majority ownership, placed its CFO as chair of Locomote's board and granted one of its own as Locomote's incoming CEO. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted November 25, 2015

Bookings Up, Spend Down Among HRG Clients

Worldwide bookings handled by United Kingdom-based Hogg Robinson Group rose 2 percent year over year for the six months ending Sept. 30, yet client travel spend fell 2 percent, according to half-year financial results released Wednesday. Read More »
Posted by: Amon Cohen | More by Amon Cohen
Posted February 25, 2015

Australia's Acquisitive CTM To 'Keep Buying Until We Die'

Australia's Corporate Travel Management this week told investors to expect further acquisitions in the U.S. market, or in the words of managing director Jamie Pherous, "We could keep buying until we die—and that's our plan." Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted December 2, 2014

CTM Finds European 'Anchor' With Chambers Acquisition, Expands In U.S. With D.C.'s Diplomat

Australia's Corporate Travel Management on Tuesday announced the acquisitions of U.K.-based Chambers Travel and Washington D.C.-based Diplomat Travel. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted November 24, 2014

Next Stop On CTM's M&A Path: Europe (And Probably More In The United States)

Australia's Corporate Travel Management is "big in Asia" and "growing in the U.S.," but the travel management company will "very soon" turn its sights to expanding into Europe, managing director Jamie Pherous told The Beat. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted August 28, 2014

Aussie TMCs 'Starting To Get A Bit Of Fun In America'

The two big Australian corporate travel players have been growing their U.S. operations at pretty decent clips. Conveniently, Corporate Travel Management and FCm Travel Solutions parent Flight Centre, both publicly traded, this week reported fiscal-year 2014 earnings. Read More »
Posted by: David Jonas | More by David Jonas
Posted June 12, 2014

Posted by: Data Hub | More by Data Hub
Posted June 12, 2014

CTM To Acquire Alaska's USTravel

Australia's Corporate Travel Management announced the acquisition of Alaska's USTravel, effective July 1. It's yet another purchase, following those of Polk Majestic Travel Group (also known as R&A Travel) and TravelCorp, that expands CTM's North American presence. Read More »
Posted by: David Jonas | More by David Jonas
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