CT Travel Group to Merge into Good Travel Management
Deal News | Oct 31, 2024 | John Good Group
The John Good Group, a major player in the travel sector, has facilitated the merger of Good Travel Management (GTM) and CT Travel Group (CTTG) to form a new £85m turnover enterprise. This merger, supported by the John Good Group as the majority investor, is strategically aimed at bolstering aggressive growth plans in various travel markets including Business Travel, Incentive travel, and Leisure Travel. GTM, with a historical legacy dating back to the late 1800s, brings its rich client-focused service experience into the partnership, while CTTG contributes its brand strength in corporate and leisure markets. The merger is anticipated to expand the range of services and serves to leverage combined expertise in technology, service, and industry knowledge. The combined entity plans to maintain a strong client-focused approach and aims to deliver excellent service while remaining operationally carbon neutral. Key figures from CTTG, including founder Mark Kempster and Chief Operating Officer Clare Collins, will remain integral shareholders in the new business alongside the John Good Group.
Sectors
- Travel and Tourism
- Business Services
Geography
- United Kingdom – GTM and CTTG have physical office locations in London, Kent, and Yorkshire, indicating a strong UK presence.
Industry
- Travel and Tourism – The merger involves companies primarily operating in the travel industry, focusing on business, incentive, and leisure travel.
- Business Services – GTM and CT Travel Group both target corporate clients, providing comprehensive business travel and related services.
Financials
- £85 million – Turnover anticipated for the newly formed travel group post-merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Good Travel Management (GTM) | Acquiring Company | Company | A travel management company with a historical legacy dating back to the late 1800s, known for client-focused service. |
| CT Travel Group (CTTG) | Target Company | Company | Comprises brands like CT Business Travel and CT Groups, Conferences & Incentives. It operates in the corporate and leisure travel markets. |
| John Good Group | Private Equity Firm | Company | Acts as the majority investor in both GTM and CTTG, facilitating the merger. |
| Mark Kempster | Founder of CT Travel Group | Person | Founder of CTTG, integral in facilitating the merger with GTM. |
| Clare Collins | COO of CT Travel Group | Person | Chief Operating Officer of CTTG and incoming shareholder in the new combined travel business. |
| Adam Walsh | CEO of John Good Group | Person | CEO of John Good Group and key figure in facilitating the merger. |