TravelPerk completes acquisition of AmTrav to accelerate US expansion and secures $135m backing from Blackstone and Blue Owl
Acquiring Company
TravelPerk
Acquired Company
AmTrav
Barcelona
ChicagoOtherInformation TechnologyTourism And Travel ServicesDescription
TravelPerk, the hyper-growth global business travel management platform, has announced its acquisition of AmTrav, a leading United States company. This acquisition aims to double down on TravelPerk's expansion in the US and capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in the US market. Additionally, TravelPerk has secured a new credit facility of up to $135 million led by Blackstone Credit & Insurance and Blue Owl Credit to drive organic and inorganic growth.
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Frequently asked
Who acquired AmTrav?
AmTrav was acquired by TravelPerk, based in Barcelona. The deal was reported on June 18, 2024. TravelPerk is a smarter, simpler way for companies to manage travel and expenses, combining the best travel inventory, intuitive management tools, 24/7 support, and an easy-to-use platform. TravelPerk is privately held and operates in Other.
When did TravelPerk acquire AmTrav?
TravelPerk's acquisition of AmTrav was reported on June 18, 2024. TravelPerk, the hyper-growth global business travel management platform, has announced its acquisition of AmTrav, a leading United States company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does AmTrav do?
Chicago-based AmTrav, founded by two friends in their University of Michigan dorm room, has been at the forefront of innovation and thought leadership in the business travel space for the past 30 years, achieving many “firsts”. It is privately held, and is based in Chicago.
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