Directravel CEO Ed Adams and Silver Oak Services Partners agreed to acquire Corporate Travel Services, a Minneapolis-based travel management company

focused on midsize clients. Silver Oak Services Partners in September acquired Directravel, and Adams assumed CEO duties. At that time, he told The Beat that he was pursuing a roll-up of several midmarket corporate travel agencies to create a $1.5 billion TMC. "CTS is a perfect fit, as I look to grow this business," according to a statement attributed to Adams. "Their size, technology, client base and customer philosophy are strategically aligned with the type of agencies we are looking for." Lisa Buckner will continue to serve as CTS president and COO.