Frosch International Gets Investment from Private Equity Firm
Leibman family will continue to control TMC after it receives funding from EagleTree Capital >>
by: Harvey Chipkin
Frosch International, a major travel management company (TMC), announced it has received “a major growth investment” from EagleTree Capital, a private equity firm. The Leibman family will continue to control Frosch with Bryan Leibman as its president and CEO, and EagleTree will hold a minority position. Leibman said the investment will reinforce the company’s strong balance sheet so it can continue to pursue mergers and acquisitions and invest in infrastructure, technology and the core of its business as well as focus on key customers. He said the goal is for Frosch to be the leader and an innovator in the travel sector, adding, “We believe in our business and the future of our industry, and we are committed to the luxury space and the corporate market.” Anup Bagaria, co-managing partner at EagleTree, said Frosch “is one of the few truly global operators in the market, which we believe is a strong differentiator to capture the exciting growth ahead.” Terms of the transaction were not disclosed. Frosch was founded in 1972 and is co-headquartered in New York and Houston.
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