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US-based TMC Travel and Transport Inc has purchased London-based Statesman Travel Group for an undisclosed price.
Travel and Transport, based in Omaha, Nebraska, has acquired a 100 per cent shareholding in Statesman Travel, which is ranked 16th in BBT’s list of the 50 Leading TMCs in the UK with total sales of £147 million.
With this cash purchase, Travel and Transport, which bills itself as “one of the largest travel management companies in the US”, now employs a total of 1,600 staff and has total global sales of more than $3.5 billion per year.
Kevin O’Malley, Travel and Transport’s CEO, said: “This acquisition continues our global growth strategy that has been driven by our clients’ needs and expectations. We look forward to welcoming all of the Statesman employees and customers to the Travel and Transport family.”
Statesman, which is based in the City of London, employs around 150 staff and brought in £7.7 million in new business last year. The TMC focuses on sectors such as finance, legal, media, energy, professional services and advertising.
Mervyn Williamson, Statesman’s managing director, added: “We are thrilled to be joining Travel and Transport, which shares our global vision related to traveller-centric services and the modern day business traveller.
“The focus on personalisation and innovation that both companies embrace will complement and enhance the superior services already offered by Statesman. I am confident that our clients as well as our employees will find mutual benefits with this venture.”
Travel and Transport is 100% owned by its employees. It is also one of two main shareholders of global TMC network Radius Travel with its chief operating officer Tim Fleming currently acting as Radius’ chairman.