Announced
Completed
Financials
Sources
Tags
Travel and Tourism
Australia
Private
Single Bidder
Completed
Acquisition
Cross Border
travel company
Friendly
Minority
Synopsis
Genairgy, a destination management company, agreed to acquire a minority stake in Intrepid Travel, an adventure travel company. Financial terms were not disclosed. “As the travel industry starts to recover from the pandemic, we remain focused on building the best travel company for the world. 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,” James Thornton, Intrepid CEO.
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