India’s TBO to acquire Classic Vacations
India based travel distribution platform TBO has agreed to acquire Classic Vacations from Phoenix-based investment firm, The Najafi Companies.
The transaction value is estimated at up to $125 million.
The acquisition brings together TBO’s technology platform and worldwide inventory with Classic Vacations network of luxury travel advisors and suppliers.
Classic Vacations delivered revenue of $111 million and an operating EBITDA of $11.2 million in the fiscal year ended December 31, 2024.
“We’re thrilled to bring Classic Vacations into the TBO family – the company’s longstanding delivery of outstanding services has earned the trust of its more than 10,000 travel advisors in the U.S,” said Gaurav Bhatnagar, TBO’s co-founder and joint managing director.
“Classic Vacations is led by a strong team of experts and will continue as an independent brand.”
“As we start working on integrating Classic Vacations with TBO, we will remain open to similar strategic alliances going forward,” added Ankush Nijhawan, co-founder and co-managing director.
Melissa Krueger, CEO of Classic Vacations, added: “Together, we’re strengthening Classic Vacations’ position as the premier luxury partner in the market while extending our reach onto the global stage.”
Classic Vacations was bought by The Najafi Companies in 2021 from Expedia Group.
Classic Vacations has a large network of high-value travel advisors and deep ties with major American consortia.
It delivers premium service across hotels, air, experiences, car rentals, and travel protection, specializing in bespoke luxury itineraries.
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