United Kingdom
United States
Asia Pacific
Corporate Travel Management acquires California agency Montrose Travel
Saturday, 21 Dec, 2015
0
Corporate Travel Management has been on the acquisition trail again, snapping up California-based Montrose Travel.
The purchase of Montrose makes Australia based CTM one of the biggest dozen travel companies in the US, now with a presence in 19 cities.
CTM first entered the North American market three years ago and has steadily grown with several acquisitions including Travelcorp, USTravel, Avia International Travel and Diplomat Travel.
"We have consistently said to the market and our industry that we would pursue acquisitions where they make our business stronger, and deliver compelling customer benefits," said CTM founder and managing director, Jamie Pherous.
"When we entered this market in 2012, we made it clear that acquisition opportunities would be assessed to determine whether they showed cultural compatibility, integration simplicity and quality management. Montrose Travel epitomizes that approach; it is an iconic business in California, operating for more than 60 years."
Montrose employs a team of more than 200 who will remain with the company.
Pherous said Montrose and CTM had been working together for the past year on various programs
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled