DirectTravel acquires Northeast agent Colpitts World Travel
Wednesday, 06 May, 2016
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Leading travel management firm Direct Travel has acquired Norwood, Mass., based agent Colpitts World Travel.
Colpitts is one of the largest privately owned TMCs in the Northeast with annual sales volume of more than $100million.
The deal also includes Colpitts’ international operations based in the UK.
"This acquisition is an impressive addition to our organization, supports our growth strategy, and provides further opportunity for the investment in strategic business practices across our enterprise," said Ed Adams, CEO of Direct Travel.
Alan M. Krensky, president and CEO of Colpitts added: "This strategic partnership allows an agency of our size to gain significant advantage with suppliers and allows us to deliver new innovative technologies and enhanced services to our customers."
"I selected Direct Travel because of their outstanding management team and long-term business strategy and value proposition. Not only was it a painless process, they did everything they said they were going to do – before, during and after the fact."
Direct Travel has been in the corporate travel management business for more than 40 years and operates out of 39 locations across the US.
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