Australia-based Company Journey Administration (CTM) has accomplished its acquisition of unbiased journey community, 1000 Mile Journey Group, the corporate introduced on Friday.
The deal will increase the journey administration firm’s unbiased guide footprint within the company SME market and is CTM’s fourth acquisition previously two years, following the current buy of Helloworld Corporate in April 2022 and UK-based Travel and Transport in 2020.
CTM founder and managing director Jamie Pherous mentioned the acquisition is a ‘complementary extension’ to the corporate’s company journey companies, and that he intends to increase the 1000 Mile Journey mannequin into the UK and North America.
“1000 Mile Journey Group is a extremely profitable enterprise that has crafted a singular worth proposition for these brokers desirous to not solely handle their very own SME portfolio from residence, but in addition develop that portfolio and supply companies demanded by company shoppers,” he mentioned.
1000 Mile Journey founder and managing director Ben Ross added that the acquisition paves the way in which for vital development at a ‘pivotal’ time within the trade’s restoration.
“Our enterprise was established to satisfy the wants of the unbiased company journey enterprise proprietor market, and our enterprise mannequin has grown from power to power. That mannequin has by no means been extra in demand than it’s within the post-pandemic surroundings, and we’re excited to take the subsequent step of our development journey with CTM,” he mentioned.
The acquisition follows an nearly year-long partnership between the 2 corporations by the supply of CTM’s Lightening on-line reserving software.