independently and keep its brand and customer base intact following the acquisition. This move will enable TravelPerk to gain a stronger foothold in the U.S. market, which is a key strategic priority for the company.
In addition to the acquisition, TravelPerk also announced that it has raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. This funding will support the AmTrav acquisition as well as TravelPerk’s broader expansion efforts in the U.S. and globally.
Avi Meir, TravelPerk’s CEO and co-founder, stated that the U.S. is set to become the firm’s biggest revenue-generating region by 2026. The company has already seen significant growth in the U.S. market, with revenue increasing by 100% year-over-year.
Overall, the acquisition of AmTrav and the debt financing from Blackstone and Blue Owl demonstrate TravelPerk’s commitment to expanding its presence in the U.S. market and becoming a major player in the corporate travel booking space globally.