TBO, a Gurugram-based travel distribution platform, has completed the acquisition of US-based Classic Vacations from The Najafi Companies, a Phoenix-based investment firm.
The total consideration for the acquisition was $125 million, including closing adjustments. TBO had earlier announced, on 2nd September, that it had entered into a definitive agreement to acquire Classic Vacation.
Classic Vacations is a premier B2B2C luxury travel company with a strong network of high-value Travel Advisors and deep ties with major American consortia. Professionally managed, the company leverages expert call centers to deliver premium white-glove service across hotels, air, experiences, car rentals, and travel protection, specializing in complex bespoke luxury itineraries.
Classic Vacations will continue to operate as an independent brand under its existing leadership team, led by CEO Melissa Krueger, carrying forward its five-decade legacy of trusted advisor and supplier relationships in the U.S. luxury travel market.
With the backing of TBO’s advanced technology platform, worldwide inventory, and expansive distribution network, Classic will be able to scale faster, broaden its offerings, and deliver even greater value to its community of more than 10,000 travel advisors and their customers.
