Posted April 10, 2017

CTM Preps Homegrown Online Booking System For U.S. Market

The number of travel management companies with homegrown online booking tools in the United States is relatively small, but Australia-based Corporate Travel Management plans to join their ranks this year with the launch of its Lightning system. Read More »
Posted by: Jay Boehmer with reporting by Amon Cohen | More by Jay Boehmer
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 August 26, 2016

After Scaling Up And Integrating, CTM Says It Has 'Arrived' In U.S. Market

After a slow first half of its fiscal year in the United States, Australia-based travel management company Corporate Travel Management got a boost from its Montrose Travel acquisition, client wins and a stabilization after spending declines from energy clients. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 20, 2016

CTM Buys Travizon For $21 Million

Corporate Travel Management announced a deal to acquire Massachusetts-based travel management company Travizon Travel for a base consideration of $21 million. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
Posted April 6, 2016

CTM Makes Progress Integrating U.S. Acquisitions

Australia-based Corporate Travel Management in the past four years has bought six U.S.-based travel agencies. CTM founder and managing director Jamie Pherous assured The Beat that the travel management company isn't done acquiring, but it has been busy integrating. 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 August 27, 2015

Riding Corporate Strength, CTM And Flight Centre Take Different Paths To Record Fiscal Years

Fueled by a flurry of acquisition activity, travel management company Corporate Travel Management on Wednesday reported significant growth in transaction volume, revenue and earnings for its fiscal year ending June 30. More established and much larger, travel agency conglomerate Flight Centre also reported a record fiscal year ending June 30—but "without significant acquisitions," it reported. Both Australian agency operators saw strength in the U.S. corporate market and claimed client wins there. Read More »
Posted by: Jay Boehmer | More by Jay Boehmer
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
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