ATPI Group has purchased marine specialist TMC Griffin Global in a deal reported to be worth £120 million.
The purchase of Griffin from private equity firm Inflexion is the second major acquisition for ATPI this year after it snapped up Australian TMC Voyager Travel in January.
London-based Griffin, which was first formed in Athens in 1977, operates in 22 countries around the world including nine joint venture partnerships.
ATPI chief executive Graham Ramsey (pictured) said the Griffin purchase was a “significant growth milestone for the business”.
“This deal is a major step forward in our plan to increase our global operation, and enhances the unrivalled service that clients of the business already enjoy,” added Ramsey.
“The clients of Griffin will benefit from ATPI’s bespoke technology, purchasing power and seamless service around the world.”
Griffin chairman Simon Morse added: “The sale of Griffin provides great opportunities for our people and clients. We are proud that our network of 33 offices are highly attractive to the business activities and strategic objectives of the ATPI Group.”