New
York-based Ovation Travel Group, parent of Ovation Corporate Travel, on Monday
announced the purchase of Boston-based regional travel management company
Commonwealth Travel Advisors.
Terms of the
deal were not disclosed. Both firms are privately held.
CTA, founded
in 1994, operates two offices in Massachusetts and offers corporate travel
management services, as well as meetings management and leisure services. CTA's
leadership team and staff, including executive officer John Sullivan, will join
Ovation, officials said.
"This
business combination will complement our organic growth and should resonate
well with professional service firms and other service-oriented businesses
throughout the greater Boston area," said Ovation chairman and CEO Paul
Metselaar in a statement.
According to
BTN's
2010 Business Travel Survey, Ovation Corporate Travel
tallied more than $226 million in sales reported to ARC, generated by more than
264,000 air transactions.