Houlihan Lokey Advises AmTrav

Houlihan Lokey is pleased to announce that American Travel Solutions LLC (AmTrav) has been acquired by TravelPerk Inc. This combination will allow both platforms to capitalize on proprietary tech, AI capabilities, and expanded resources and for TravelPerk to further expand in the U.S. The transaction closed on June 14, 2024.

AmTrav is an industry-leading, Chicago-based technology and service platform designed to make business travel personal and productive. AmTrav’s comprehensive product suite allows companies of all sizes to book trips, find savings, set travel policies, manage payments and expenses, and keep their travelers safe. AmTrav’s powerful platform provides a seamless travel management experience to more than 1,000 businesses in the SMB and middle-market space.

To help fund the deal and TravelPerk’s broader expansion efforts, the company also raised $135 million in debt financing from private equity firms Blackstone and Blue Owl. TravelPerk is a Barcelona-based, hyper-growth SaaS business travel platform with industry-leading travel inventory alongside powerful management features, 24/7 customer support, state-of-the-art technology, and consumer-grade design for some of the largest organizations in the world, such as Betterment, Adyen, Wise, Red Bull, and Aesop. TravelPerk is backed by world-class investors, such as SoftBank, General Catalyst, Kinnevik, Greyhound Capital, Felix Capital, Target Global, LocalGlobe, Spark Capital, and Heartcore.

AmTrav will operate under the same brand, and the entire team will continue with the business going forward. The acquisition will see TravelPerk double its revenue in the U.S., following 65% year-over-year growth in the market in 2023. TravelPerk’s U.S.-based headcount and footprint expand to now include offices in Boston, Chicago, Los Angeles, and Miami.

Houlihan Lokey served as a financial co-advisor to AmTrav and assisted in marketing, structuring, and negotiating the transaction on behalf of the company. This deal highlights Houlihan Lokey’s continued success as a leading advisor in the travel and hospitality technology space and to founder-led businesses.

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