Skift Take
TravelPerk has joined a group of business travel companies making acquisitions this year, and industry decision makers say there are more to come.
TravelPerk said Tuesday that it has acquired Chicago-based AmTrav, making the U.S. the corporate travel tech startup’s top region for revenue.
Barcelona-based TravelPerk said the deal adds 1,000 new small- and medium-sized business clients, and doubles its revenue in the U.S.
Previously, the U.S. was TravelPerk’s second-largest market after the UK, the company said.
The price of the deal was not disclosed.
The deal was backed by a newly announced credit facility of up to $135 million, led by asset management groups Blackstone Credit & Insurance and Blue Owl Credit.
TravelPerk clients book an