Today Concierge Travel Group announced it had been fully acquired by global corporate & event travel company Reed & Mackay. The sale which became effective on 1st February 2019 includes all brands well recognised as part of the group:
Founded in 1979 and acquired by renowned industry veterans Don Ferguson and Michael Keating in 2001, the business has grown steadily year over year. Success has been particularly enjoyed in the delivery of high touch travel services for the often complex arrangements required by both corporate and leisure travellers alike.
Chairman Michael Keating commented “the business had grown to a point whereby we had to make a decision how to take it to the next level. We felt the answer was to more deeply connect into international markets, so the opportunity with Reed & Mackay presented a perfect opportunity”
This latest acquisition by Reed & Mackay extends their global footprint more deeply in the Asia Pacific region following their launch in Singapore in May 2018. The company has been on a strong journey of growth in recent years, launching their renowned high-end service and global technology into key markets for their client base across the world.
Fred Stratford, Reed & Mackay’s Group CEO said “Australia is an important strategic market for our business with many clients operating in the APAC region. Concierge Travel Group are known for delivering service of the highest quality and I look forward to working closely with the team there to deliver a unique proposition to the market”.
Managing Director David Greenland and General Manager Jamie Strickland will continue to lead the business from its Sydney headquarters. It is expected that in time the Reed & Mackay brand will be rolled out to replace Concierge Business Travel, particularly as Reed & Mackay’s proprietary technology becomes available to Concierge’s corporate clients.
David Greenland said “It was evident from the start we shared the same commitment to outstanding service, and given that we quickly identified a culture and capability in common. We’re delighted about the extended global reach and benefits Reed & Mackay’s leading technology will bring to our clients. Reed & Mackay’s online and mobile booking tools are second to none and something the Australian market is very ready for – it’s exciting for all involved”.
Stratford continued “We’re on a very exciting journey that not only delivers on client need, but also creates fantastic opportunity for our people across the globe. I’m thrilled to welcome Concierge Travel Group into the Reed & Mackay family and look forward to working closely together to deliver extended reach, extraordinary service and leading technology to our growing client base”
Keating concluded by saying “For Don and I the sale to Reed & Mackay after 18 years marks the end of an era, but we see it as the best opportunity for the company to continue to flourish for the benefit of its clients and the team of people there who really make things happen. We fully believe it is well set for further success and we wish them well”
Concierge Travel Group was represented by Hillside Capital and Kardos Scanlan as financial and legal advisors on the transaction.
About Reed & Mackay
Established 50 years ago, and born from close working relationships with the Law, Insurance and Finance community, Reed & Mackay is today recognised as a global leader in the travel and event management arena. With wholly owned offices across EMEA, APAC and the US, their global presence is further augmented by Reed & Mackay’s International Partnership with over 4000 experts across 40 countries. Their brand promise of extraordinary service is delivered through skilled and passionate travel experts combined with by world class proprietary technology across the globe.
About Concierge Travel Group
Concierge Travel Group was founded in 1979 with a vision of delivering outstanding travel arrangements and specialised services to both leisure and business travellers.
Headquartered in Sydney and employing 45 people with extensive industry experience they are renowned for delivering highly personalised travel arrangements often with complex requirements.
This can be experienced through their leading brands – Concierge Business Travel, Concierge Traveller, and Alquemie along with two niche brands Elegant Resorts and Villas, and Freighter Expeditions.
Since 2012 Concierge has been the Official Travel Service Provider to the Australian Olympic Team and will again manage the travel requirements for the team destined for the 2020 Summer Games in Tokyo.
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For media enquiries, please contact:
Lyndsey Atkins, Communications Director, Reed & Mackay
T: +44 207 246 5687
David Greenland, Managing Director, Concierge Travel Group
T: +61 2 8270 4834
M: +61 402 419 190