Concierge Travel Group has announced its acquisition by global corporate and event travel company Reed & Mackay. The acquisition includes brands such as Concierge Business Travel, Concierge Traveller, Alquemie, Elegant Resorts & Villas and Freighter Expeditions. Its sale became effective on 1 February 2019.
Headquartered in Sydney, Concierge Travel Group specialises in travel arrangements and services for both leisure and business travellers. Since 2012, Concierge has been the official travel service provider to the Australian Olympic Team and will manage the travel requirements for the team destined for the 2020 Summer Games in Tokyo.
“The next level”
Concierge Travel Group was founded in 1979 and acquired by Don Ferguson and Michael Keating in 2001. The company aims to provide highly personalised travel arrangements often with complex requirements.
Chairman Michael Keating, commented: “The business had grown to a point whereby we had to make a decision how to take it to the next level. We felt the answer was to more deeply connect into international markets, so the opportunity with Reed & Mackay presented a perfect opportunity”
“A unique proposition”
Established 50 years ago, Reed & Mackay has offices across EMEA, APAC and the US. This latest acquisition by the group extends their global footprint more deeply in the Asia Pacific region following their launch in Singapore in May 2018.
Fred Stratford, Reed & Mackay’s group CEO said: “Australia is an important strategic market for our business with many clients operating in the APAC region. Concierge Travel Group are known for delivering service of the highest quality and I look forward to working closely with the team there to deliver a unique proposition to the market”.
Concierge Travel Group was represented by Hillside Capital and Kardos Scanlan as financial and legal advisors on the transaction.