under its own brand for the foreseeable future. The acquisition will allow TravelPerk to expand its presence in the U.S. market and enhance its product offering for corporate clients.
In order to finance the acquisition and support its broader expansion efforts, TravelPerk raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. This funding will help TravelPerk accelerate its growth and strengthen its position in the competitive corporate travel sector.
Avi Meir, CEO and co-founder of TravelPerk, stated that the acquisition of AmTrav will play a key role in the company’s goal to make the U.S. its biggest revenue-generating region by 2026. This strategic move will allow TravelPerk to better serve its clients and expand its market share in the U.S., further solidifying its position as a leading player in the corporate travel industry.
Overall, the acquisition of AmTrav and the funding secured from Blackstone and Blue Owl will propel TravelPerk’s expansion efforts and drive growth in the U.S. market. With a strong focus on innovation and customer satisfaction, TravelPerk is well-positioned to capitalize on the increasing demand for corporate travel solutions and achieve its ambitious revenue goals in the coming years.