Posted August 22, 2017

CTM On Acquisitions: 'They're Getting Bigger'

Corporate Travel Management made its last U.S. acquisition more than a year ago when it picked up Boston-area travel management company Travizon. That was on the heels of its purchase of California-based Montrose Travel. While the Australian company is busy integrating those U.S. buys, CTM's appetite for acquisitions in North America and other markets is hardly sated, CTM managing director Jamie Pherous said this week. 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 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 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
Posted May 19, 2014
Romeo Cuter

INTERVIEW: CTM North America's Romeo Cuter

Romeo Cuter, new CEO of the North American operations of Australia's Corporate Travel Management, recently talked with The Beat's David Jonas about integrating U.S. acquisitions, a goal "to be a major force in the U.S." with $500 million per year in annual sales volume and trends around the industry. Read More »
Posted by: David Jonas | More by David Jonas
Posted February 26, 2014

Australia's CTM Claims To Be Winning More Accounts From Mega TMCs

Australia's Corporate Travel Management in recent years has pursued acquisitions in an effort to build a footprint competitive with the world's largest corporate agencies. Reporting another set of strong financial metrics for the fiscal half ending Dec. 31, executives on Wednesday discussed rapid progress in integrating U.S. acquisitions and sounded quite bullish on its prospects in Asia following the purchase of most of Westminster Travel. Read More »
Posted by: David Jonas | More by David Jonas
Posted November 20, 2013

Australia's CTM 'Fast-Tracks' Asian Presence With Another TMC Acquisition

Australia's Corporate Travel Management on Wednesday announced plans to acquire a controlling interest in Asian travel management company Westminster Travel, effective Jan. 31, 2014. Read More »
Posted by: David Jonas | More by David Jonas
Posted August 29, 2013

Despite Softening Economy, Business Looking Up Down Under

A few days after travel heavyweight Flight Centre reported record earnings supported by growing corporate travel operations, fellow Australia travel company Corporate Travel Management announced its own set of improving financial metrics. Read More »
Posted by: David Jonas | More by David Jonas
Posted July 1, 2013

Australia's CTM Brings Some Tech In-House

As it expands through acquisition, Corporate Travel Management of Australia also is tweaking its technology approach by using more of its own resources for proprietary solutions. Read More »
Posted by: Jay Campbell | More by Jay Campbell
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