Frosch Travel (FROSCH), a privately owned travel management company headquartered in New York City and a Signature Travel member, reports it has acquired Florida-based Adventure Travels of Pompano Beach, Inc., effective January 2014.
In operation since 1965, Adventure Travels is also a member of Signature Travel Network and a leading cruise producer, FROSCH says.
“Adventure Travels has a stellar reputation in the industry, and we are delighted to be a part of their progression. We look forward to building upon Bill’s efforts for the past 48 years in Florida where Adventure Travels has demonstrated an unrelenting commitment to quality, service and professionalism," Bryan Leibman, president and CEO of FROSCH, said.
Bill Cooper, owner and president of Adventure Travels, cited FROSCH's state-of-the-art technology and expertise that will help provide further benefits and services to clients.
The news comes after another acquisition from FROSCH, when in late 2012 the company acquired Summit Travel Group.
Frosch Travel says it was founded in 1972 with a focus on deluxe leisure and corporate travel. Since 1998, the company says it has expanded by an average of 30 percent per year, both through internal growth, as well as through strategic acquisitions.
FROSCH says it has currently has an annual sales volume of $1 billion.
FROSCH is also a shareholder of GSM Travel Management (GSM) – a global corporate travel management company with a presence in 44 countries. No price for the acquisition was reported.