Lindblad Expeditions acquires two adventure travel companies
Lindblad Expeditions Holdings has acquired majority stakes in two travel operators.
It acquired DuVine Cycling + Adventure Co., which is a luxury cycling and adventure travel company, and Off the Beaten Path LLC, a travel operator specializing in U.S. National Parks.
These acquisitions deepen Lindblad’s platform of product offerings in adventure travel, including the growing cycling tourism and domestic expedition market.
Lindblad plans to leverage its resources to accelerate the growth of these businesses and capitalize on the growing demand for immersive adventure travel.
DuVine is an international luxury cycling and adventure company based in Somerville, Massachusetts.
It is focused on providing cultural experiences across the globe through cycling itineraries led by expert local guides.
It offers small group and private custom trips to Europe, the United States, Latin America, Asia and Africa.
Founder Andy Levine will retain an ownership interest in DuVine and will continue as President and Chief Executive Officer of the new Lindblad subsidiary.
Off the Beaten Path is based in Bozeman, Montana, offers active small group and private custom journeys around the world, with a focus on U.S. National Parks.
Its product offerings include expeditions throughout the U.S, as well as trips across Europe, Africa, Australia, Central and South America and the South Pacific.
Cory Lawrence, Off the Beaten Path’s President and Chief Executive Officer, will retain an ownership interest and continue in this role.
"Bringing DuVine and Off the Beaten Path into our portfolio of brands will allow us to better serve a broader based clientele that has a diverse set of travel interests", stated Sven Lindblad, President and CEO of Lindblad Expeditions.
"The high level of quality and integrity of both these companies makes them perfect partners in our strategy of expanding our platform of experiential offerings."
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