Good Travel Management and CT Travel Group Form £85M Turnover Travel Firm
Deal News | Oct 31, 2024 | EIN

Good Travel Management and CT Travel Group, two notable names in the business travel sector, have announced their merger, creating a formidable travel group with a combined turnover of £85 million. The merger marks a strategic expansion backed by John Good Group, which becomes the majority investor, underlining its commitment to integrate travel, maritime, property, and renewable sectors. Good Travel Management has a rich history in the travel arena, operational since the late 1800s, and further solidified its stance by acquiring Wexas' corporate travel business last year. CT Travel Group, founded by Mark Kempster in 1988, encompasses various brands including CT Business Travel and CT Groups Conferences & Incentives, all of which will continue to grow in both corporate and leisure markets. The collaboration is set to leverage the complementary strengths of both firms, with emphasis on client-focused innovation and strong supplier relationships. The merged entity plans to maintain and enhance their service quality while expanding physical and remote operations to attract top talent. John Good Group CEO Adam Walsh expressed enthusiasm for the merger, seeing it as a key step in their travel division's evolution. Both companies share common growth ambitions and a commitment to delivering superior service.
Sectors
- Travel and Tourism
- Private Equity and Investment
Geography
- United Kingdom – The merger involves companies with operations in London, Kent, and Yorkshire, indicating a UK-based geographical focus.
Industry
- Travel and Tourism – The article focuses on the merger of two business travel firms, indicating relevance to the travel and tourism industry.
- Private Equity and Investment – John Good Group's investment activity in the merger showcases its role in private equity and investment.
Financials
- £85 million – Combined turnover of the newly merged travel group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Good Travel Management | Target company | Company | A business travel firm with a long-standing industry reputation, merging with CT Travel Group. |
| CT Travel Group | Target company | Company | An established travel company with various brands focused on corporate and leisure travel. |
| John Good Group | Investor | Company | Majority investor in the merger, with interests in travel, maritime, property, and renewables. |
| Mark Kempster | Founder, Shareholder | Person | Founder of CT Travel Group, joining the new travel business as a shareholder. |
| Clare Collins | Chief Operating Officer, Shareholder | Person | COO of CT Travel Group, joining the new travel business as a shareholder. |
| Adam Walsh | Chief Executive | Person | CEO of John Good Group, overseeing the merger. |