Frosch Confirms CorpTrav Acquisition

Frosch International Travel confirmed it has completed the acquisition of Illinois-based travel management company CorpTrav.

"We're a company that's always grown through acquisitions," Frosch CEO Bryan Leibman said in a brief phone interview. "It's a strength for us and something we continue to do. We're a company looking at the long term, and we're looking for companies that have the right strategic and cultural alignment with us."

Leibman declined to reveal the structure or terms of the acquisition agreement, first reported Wednesday by The Company Dime.

"I can confirm that CorpTrav has joined Frosch," CorpTrav CEO Mona Blankshain wrote in an email. "The corporate synergies between CorpTrav and Frosch are a perfect match. Not only does Frosch provide a similar suite of services, they offer additional specialty services that CorpTrav will be amplifying so our customers can optimize savings and enhance their individual travel programs." Blankshain further cited Frosch's travel technology offerings and multinational presence as attractive to CorpTrav and its clients.

Frosch has been an active agency acquirer and plans to continue as such. In January, Frosch acquired Luxe Travel, co-headquartered in Irvine, Calif., and Boca Raton, Fla. Leibman said other relatively recent acquisitions include Florida-based Gama Business Travel and New Jersey-based Vista Travel, each completed late last year, as well as "a number of smaller ones." Frosch in April last year also acquired TCG Consulting to bolster its advisory and consulting services.

"We'll also continue to identify opportunities that are the right fit for us," Leibman said.