Direct Travel to buy Child Travel | Albany Travel
This move marks the company's fourth acquisition this year, and comes just months following their announcement of the acquirement of Hurley Travel Experts of Portland, Maine.
Founded in 1983 by Ted Child, Child Travel is a flourishing New England agency specializing in both corporate and leisure travel. With sales volume totaling $40 Million, Child Travel is ranked as one of the top Travel Management Companies in the US by Business Travel News.
"Joining Direct Travel allows us to rapidly advance two of our strategic initiatives – strengthening our supplier relationships and improving our overall value propositions through enhanced technology," said Ted Child, president and CEO of Child Travel.
Child adds, "As privately owned companies, we strongly believe in an individual hands-on philosophy. Our organizations share a mutual respect and trust based on similar core values. Our dedication is to our clients, and I firmly believe this is a key compatibility."
"Our cultures are well aligned around strong business results and a client-centric focus that emphasizes traveler satisfaction as one of the most important indicators of our success," said Ed Adams, CEO of Direct Travel. "This strategic gain is yet another exciting step forward for Direct Travel," Adams affirms.
Sam DeFranco, Direct Travel regional president comments, "This acquisition will allow both companies to continue driving growth opportunities by leveraging the unique strengths each brings to the table. Child Travel will further enhance our presence in the Northeast corridor, while Direct Travel will expose Child Travel's customers to our expansive network and significant resources."
"DeFranco adds, "This move substantiates our sheer determination to drive our expansion efforts through strong, strategic acquisitions, complementing our overall mission to focus on the middle market customer." ■