21 Sep Travel Leaders Group Adds Travel Management Partners to Its Corporate Portfolio
Leading Raleigh, N.C.-based Travel Management Firm to Join Forces with Industry Leader
New York, New York (Sept. 21, 2017) – Travel Leaders Group announced a key strategic expansion in the business travel arena with the acquisition of Travel Management Partners (TMP) of Raleigh, N.C. Travel Management Partners will become part of the Travel Leaders Corporate division.
“As one of the industry’s premier business travel organizations, Travel Leaders Group remains focused on organic growth through cutting-edge tools and technology and continued growth through acquisitions, joint ventures and strategic partnerships,” said Ninan Chacko, CTC, Chief Executive Officer of Travel Leaders Group. “With the addition of Travel Management Partners, two strong and growing businesses are joining forces to create greater opportunities for our customers.”
Founded in 1994, Travel Management Partners is one of the nation’s fastest-growing business travel management companies offering a wide range of services and industry expertise to a diverse portfolio of corporate clients. TMP CEO and President John W. Lewis will serve as a key member of Travel Leaders Corporate Executive Team. There are no other major changes anticipated in operations at TMP as Travel Leaders Group works through the integration of the businesses.
“This move will only build on what we have achieved over the past 23 years and create more growth opportunities for our company,” said Lewis. “Our clients will benefit from an expanded network and access to best-in-class technology.”
“I look forward to working with John and the TMP team and capitalizing on their expertise in servicing clients in the federal government, laboratories and pharmaceutical sectors, along with the Small & Midsize Enterprise market,” Gabe Rizzi, Chief Sales Officer of Travel Leaders Group and President of Travel Leaders Corporate. “This deal combines the capabilities of two leading business travel organizations giving TMP additional resources and a larger network and Travel Leaders Corporate access to new expertise and new opportunities in vertical markets.”
Terms of the agreement were not disclosed.
Travel Leaders Corporate is part of Travel Leaders Group, which is the highest ranking American travel management company in Business Travel News’ Business Travel Survey 2016, and has annual sales of over $21 billion. Travel Leaders Corporate’s three service offerings – Travel Fulfillment, Travel Consulting and Meetings Management – which can be used independently or combined for maximum results. At Travel Leaders Corporate, each client is served by a dedicated team of U.S.-based agents assigned to each account. With a reputation built on reliability and a commitment to excellence, Travel Leaders Corporate offers its clients industry-leading products and services, and continuously seeks higher levels of performance. With employees in more than 120 cities across the United States, Travel Leaders Corporate is a forward-thinking, innovative company with a focus on continually improving the customer experience. www.tlcorporate.com
Travel Management Partners is an industry leading travel management company offering a wide range of services and industry expertise especially focused on companies in the SME niche with annual travel budgets in the $1M to $10M range. In addition to servicing a wide range of retail, service and manufacturing clients, TMP has also been servicing federal government contractors, laboratories and pharmaceutical companies since its inception in 1994. http://tmptravel.com