BCD Makes Megadeal with Top Travel Management Firm, Adelman
In a move that marks another notch in BCD’s burgeoning profile, BCD announced its purchase of Japan’s Hitachi Travel Bureau, following other recent acquisitions: Acendas Travel and World Travel Services in the U.S., Nordic travel agency Ticket Biz, global Grass Roots Meetings & Events, and U.K.-based international events agency Zibrant, among them. Adelman is one of the largest full-service travel management companies in North America.
“We're very proud to bring a prominent TMC like Adelman into the BCD Travel family,” said Craig Bailey, BCD Travel’s Americas president. “Our financial strength affords us the opportunity to grow our company with moves like this one that benefit our clients, employees, partners and affiliates. It fits perfectly with our strategy of growing organically through investments in products and services and through acquisitions of successful companies that share our company values and culture.”
Privately held, Adelman employs more than 300 with total combined sales of $675 million. The company’s diverse portfolio includes clients from the financial services, technology, manufacturing and retail sectors. The agency specializes in corporate travel and expense management, global consolidations, vacations, loyalty rewards travel, meeting and incentive planning, and affinity groups and tours travel.