Frosch acquires expense management firm TCG
Global travel management firm Frosch International Travel has announced the acquisition of TCG Consulting.
Charlotte based TCG provides integrated travel, meetings, payment and expense (TMPE) solutions using a proprietary Total Cost of Ownership (TCO) travel spend management system.
It has about $26 billion in client travel spend under management.
It will continue to operate independently under the management of founder and CEO Albert Taras.
Taras established the business in 1994.
"The worlds of travel services and expense management are ripe for innovation and refinement. The combination of FROSCH and TCG allows us to present the best people, technology, and competitive solutions to clients," said Bryan Leibman, President and CEO of Frosch.
Taras said: "While we will always take an agnostic, client-focused approach to advising our clients, we are excited about the ability to offer Frosch’s operational capabilities."
TCG operates out of six office locations including London, Sao Paulo and Hong Kong.
Frosch’s global footprint spans 40 locations on six continents, employing more than 2,200 travel professionals.
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