Houlihan Lokey Advises Pegasus Solutions Companies
Houlihan Lokey is pleased to announce that Pegasus Solutions Companies, Inc. (Pegasus) has merged with Travel Tripper, LLC, in an investment backed by Accel-KKR. The transaction closed on February 5, 2019.
Pegasus is a leading global technology provider empowering independent hotels, hotel groups, and large chains to grow their reservations businesses in a digital world. The company provides a comprehensive offering of cloud-based software as a service (SaaS) solutions and services designed to help hoteliers connect with their guests, increase profitability, and maximize productivity. Pegasus combines its highly scalable and reliable reservations platform with representation and demand services, uniquely enabling hoteliers to sell to guests worldwide across all touch points.
Travel Tripper is a hotel tech provider and strategic digital partner helping hotels worldwide to optimize their direct booking channel and maximize overall revenue. Known in the industry for its constant innovation and exceptional expertise, Travel Tripper provides a comprehensive suite of solutions that empowers hotels from search to stay, including CRS and booking engine, website design and development, e-commerce, and digital marketing management.
Accel-KKR is a technology-focused investment firm with more than $5 billion in capital commitments. The firm focuses on software and IT-enabled businesses well-positioned for top-line and bottom-line growth. At the core of Accel-KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives.
The merger brings together two companies known for their industry-leading reservations, distribution, business intelligence, and e-commerce platforms that empower hotel groups large and small to directly own end-customer relationships and maximize bottom-line ROI.
Houlihan Lokey served as the exclusive financial advisor to Pegasus.
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