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Lindblad Acquires adventure tour company Natural Habitat
Tuesday, 06 May, 2016
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Lindblad Expeditions Holdings has announced it has taken a majority stake in Colorado based adventure tour company Natural Habitat.
Lindblad said it has acquired 80.1% of its outstanding common stock.
Natural Habitat runs land based eco tours around the world including Alaska wildlife trips, African safaris and small group tours of the Galapagos Islands.
"Natural Habitat has experienced exceptional growth over the last several years via a focus on the core business and our commitment to enhancing the value proposition of our offerings. We have developed a strong relationship with Lindblad over the years and recognize it as a leader in expedition travel," said Ben Bressler, Natural Habitat’s founder and president.
The company, headquartered in Boulder, had net revenue of about $41 million in 2015.
"I’ve known and interacted with Natural Habitat for over a decade. Knowing our travel audience has diverse interests beyond sea-going expeditions, Nat Hab offers a perfect complement on land to what we do with ships," said Sven-Olof Lindblad, CEO of Lindblad.
"They are a focused, quality-oriented enterprise while, at the same time, understand the imperative for supporting important conservation work in areas visited from both a moral and business objective. We look forward to a productive partnership to broaden our offerings and our impact in the world’s wild places."
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