Intrepid Travel secures strategic partnership and funding - TravelMole

Intrepid Travel secures strategic partnership and funding

Monday, 11 Mar, 2021 0

Intrepid Travel has announced a strategic partnership with French investment company Genairgy, which secured a minority equity stake in Intrepid’s global business. 

The strategic partnership will help Intrepid to accelerate its growth strategy with a mission to become the world’s first $1 billion adventure travel company by 2025.

The agreement will support Intrepid in four key growth areas: digital transformation, product innovation, market expansion and purpose initiatives.

Intrepid Co-founders Darrell Wade and Geoff Manchester, who started the business in 1989, retain majority ownership of the company and remain on the board as Chairman and Director, respectively. James Thornton will continue as CEO and a member of the Board; and Non Executive Directors, Liz Savage and Sarah Morgan, will remain. Genairgy owner Julien Leclercq will join the Board.

In 2019, Intrepid achieved a record year of A$491 million of sales and in 2020, despite the impacts of the pandemic, it launched more than 100 sustainable local trips and became the first and only tour operator with verified science-based carbon emissions targets.

“As the travel industry starts to recover from the pandemic, we remain focused on building the best travel company for the world,” says Intrepid’s CEO, James Thornton.

“The fact that Genairgy and Intrepid have come together at this time demonstrates real confidence in the future of sustainable experience-rich travel. It’s clear that what was once considered a niche, will become a mainstay tourism model post-Covid.”.

Genairgy’s owns a destination management company (DMC) network, Altai, and has an adventure travel division with several investments in the area. .

“We are excited to find a partner with the same values as us and we look forward to helping Intrepid achieve its full potential as we emerge from the global pandemic,” says Julien Leclercq, owner of Genairgy.

“While Intrepid has maintained an impressive history of growth, it was their genuine commitment to sustainable travel and B Corp credentials that truly set them apart,” Leclercq added.

The transaction is expected to complete by early April 2021.

Learn more about :   Intrepid Travel ( N. America )     Intrepid Travel ( Asia Pecific )     Intrepid Travel ( United Kingdom )  



TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Most Read

Florida’s Tourism Boom: Dana Young Analyzes Surge in UK Visitors

Elliott Ferguson’s Vision: Elevating Washington DC’s Global Appeal

Empowering Travel Agents and Tour Operators: A Conversation with Go Nexus Group President

Expedia TAAP incorporates AI for their 100,000 registered agents

Travefy CEO & Founder Talks About Their Itinerary Management For Travel Professionals

MMGY’s Jonathan Sloan: A Tale of Triumph Amidst Adversity

Unlocking Opportunities: Viator Empowers Travel Agents with Innovative Tools and Expansive Offerings

Kazakhstan Explored: A Journey into the Unknown

Behind the Scenes of Vegas Tourism: Kelly Messina’s Insider Perspective

Preserving Mexico’s Beauty: A Conversation with Doris Patiño from Xcaret

Easton Wasinger Unveils Trawick: Affordable Travel Insurance with Exceptional Service

Deleted video

Our emails to you has bounced Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari