Business Travel News
Business Travel News
  • SECTIONS
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
  • EXPERT Q&A
    • VIEW ALL INTERVIEWS
  • RESEARCH
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
  • WEBINARS
    • View All Webinars
  • EVENTS
    • Webinars
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show America
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Innovate
    • Strategic Meetings Summit
    • VIEW ALL EVENTS
  • RESOURCES
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
  • SECTIONS
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
  • EXPERT Q&A
    • VIEW ALL INTERVIEWS
  • RESEARCH
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
  • WEBINARS
    • View All Webinars
  • EVENTS
    • Webinars
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show America
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Innovate
    • Strategic Meetings Summit
    • VIEW ALL EVENTS
  • RESOURCES
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
Business Travel News
  • SECTIONS
    • Transportation
    • Lodging
    • Payment & Expense
    • Technology
    • Distribution
    • Meetings
    • Global
    • Management
    • Travel Procurement
    • Voices
    • Recent Issues
    Subscribe to NewslettersBTN DailyBTN GlobalBTN Travel ManagementTravel Procurement
    Subscribe to Print IssuesBusiness Travel NewsTravel Procurement
  • EXPERT Q&A
    • VIEW ALL INTERVIEWS
    Alex ZoghlinNew ATPCO CEO Zoghlin Plans Focus on Simplification
    American Ready to Build Corp. Business Via New PartnershipsAmerican Ready to Build Corp. Business Via New Partnerships
    For IHG, SME Focus Offers an EdgeFor IHG, SME Focus Offers an Edge
  • RESEARCH
    • Corporate Travel 100
    • Corporate Travel Index
    • Expense Manager Report
    • Small & Midsize Enterprise
    • Salary Survey
    • Strategic Meetings Report
    • VIEW ALL
    Annual Supplier Ratings• Car Rental Survey & Report• Hotel Survey & Report• Airline Survey & Report
    Special Reports• State of the Industry Report• Business Travel Stakeholders
  • WEBINARS
    • View All Webinars
    Keeping Your Executives Focused on Travel After the Pandemic

    Tue, Jan 19 at 1 PM ET / 10 AM PT
    Sponsored by: TripActions

    How Travel Works for Remote-First Companies

    Tue, Jan 12 at 1 PM ET / 10 AM PT
    Sponsored by: TripActions

    30 Minutes With … Dale Buckner & Global Guardian: The State of Global Affairs Beyond COVID-19

    Thurs, Dec 17 at 11am ET / 8am PT
    Sponsored By: Global Guardian

  • EVENTS
    • Webinars
    • Business Travel Intelligence Summit
    • Business Travel Lodging Summit
    • Business Travel Show America
    • Business Travel Show
    • Business Travel Tech Talk
    • Business Travel Trends Forecasts
    • Entertainment Travel Summit
    • Global Travel Risk Summit
    • Innovate
    • Strategic Meetings Summit
    • VIEW ALL EVENTS
  • RESOURCES
    • Business Travel Buyer's Handbook
    • Business Travel Buyer's Techbook
    • Corporate Travel Index Calculator
    • Data Sources: The Reference Guide
    • White Papers & Case Studies
    • Influencers
    • Webinars
    • Videos
    • Hotel Search
    BTN CTI Calculator

    Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.

  • Business Travel News Supplier DirectorySUPPLIER DIRECTORY
T R A V E L   P R O C U R E M E N T

Procurement

BCD Travel Acquires Adelman

By Elizabeth West / August 05, 2019 / Contact Reporter
Share

Mega travel management company BCD Travel has acquired Milwaukee-based Adelman. Travel Weekly ranked Adelman No. 23 in its global Power List for 2019. According to a BCD news release, the company realizes $675 million in annual sales. The acquisition follows BCD's July majority stakeholder investment in Hitachi Travel Bureau. The terms of the Adelman deal were not disclosed.

BCD Travel president and CEO John Snyder said the acquisition was an easy decision, given Adelman's status as a BCD affiliate since 2017 and Adelman's appetite for innovation. "They're always among the first to raise their hands to look at and test new technologies BCD has brought to the table," he said; in addition, the company's client base was an attractive element of the business. "We have an interest in growing in that small to midsize market."

Given the pace of TMC consolidation and the number of buyers in the market, keeping a high-performer within the BCD family was another factor. "That was a big part of the motivation; we do a lot of the due diligence for the affiliate program, so if [an affiliate] steps up and says they are looking to sell, we are first in line." said Snyder. "In the case of Adelman, they also wanted to find the right place for employees who have been great to them for so many years. That was definitely a concern on their side."

According to a BCD spokesperson, Adelman will operate as a stand-alone company under BCD and there are no current plans to integrate organizations. Adelman CEO Andy McGraw and president and COO Steve Cline will remain in their current positions. Reporting lines within Adelman will remain as they are today.

More Opportunities on the Horizon

BCD has demonstrated a consistent appetite for acquisitions. The Adelman purchase is the latest in a string that has included BCD operations in Brazil, China, Hong Kong, Colombia, Japan and Poland. It's the company's third move in the U.S. market in the past five years, after taking a majority stake in Acendas Travel in 2017 and acquiring World Travel Service in 2015. In addition, the company has made key acquisitions in the meetings and events space in the U.S. and the U.K. Snyder told BTN the company will continue to look for strategic partners to bring under ownership.


You'll likely hear more global acquisitions to strengthen our global network. ... Before the end of the year, two or three more will pop."

BCD Travel's John Snyder

"Without a doubt, you'll be hearing more news on the [meetings and events] side," he said. "We are in discussion with interesting lines of business, some focused around events and experiential. You'll likely hear more global acquisitions to strengthen our global network, even though I feel we have the strongest network already, but before the end of the year, two or three more will pop."

Aside from acquisitions, BCD continues to grow its energy, resources and marine offering and the media and entertainment category remains a "tremendous focus" for the company, said Snyder, indicating that he foresees an acquisition in the latter category before the end of the year on top of BCD's organic growth efforts in that space.

Asked whether the American Express Global Business Travel/HRG merger influenced BCD's acquisition strategy, Snyder dismissed the notion. "As a stakeholder in HRG, we took a pass," he said. "We have a strong track record of investing at least 40 percent of our earnings back into the business for the last four or five years. It requires that to stay relevant." He underscored that BCD's growth strategy is aimed at becoming a stronger and healthier business and continuing that investment. "I would question an acquisition that was primarily about size. We acquire companies that are a cultural and strategic fit. We want to be the strongest and [highest]-quality TMC in the business."

More Procurement
Related
Delta Cites Corporate Customer Sentiment for Recovery Optimism

Delta Air Lines expects to reach a breakeven point by the spring, with corporate travel recovery...

TravelPerk Acquires NexTravel to Grow U.S. Footprint

In a move that significantly expands its presence in the U.S. market, Barcelona-based TravelPerk has...

Hyatt Serves Notice to Terminate Management of 22 Hyatt Place Hotels

Service Properties Trust has received a notice of termination regarding the management agreement for...

More Procurement

Who Bought Whom in 2020
Wheels Up Acquires Mountain Aviation
Sonesta Agrees to Acquire Red Lion Hotels for $90M
United, Partners to Extend Corporate Contracts Expiring Throughout 2021

VIEW ALL
Subscribe to Our

Free Newsletters

pixel2

Click Here for our Terms and Conditions and Privacy Policy.

Business Travel News Business Travel News
  • About Us
  • Contact Us
  • Advertise
BUSINESS TRAVEL NEWS
NORTHSTAR TRAVEL GROUP
Business Travel News
  • About Us
  • Contact Us
  • Advertise
  • Upload Print Ad Material
  • Purchase Reprints
  • Editorial Guidelines
  • Subscribe to BTN
  • Subscribe to Travel Procurement
  • Subscribe to Newsletters
  • BTN Europe
  • Privacy Policy
  • Terms & Conditions
Business Travel News
Business Travel News Travel Procurement The Beat
Northstar Travel Group
  • Retail Travel
  • Travel Weekly
  • Travel Weekly Asia
  • Travel Weekly China
  • TravelAge West
  • TravelPulse
  • TravelPulse Canada
  • TravelPulse Quebec

  • Hotel Investment
  • Burba Hotel Network

  • Travel Technology
  • Inntopia
  • Phocuswire
  • Phocuswright
  • Web In Travel
  • Meetings & Incentives
  • Northstar Meetings Group
  • Meetings & Conventions
  • Meetings & Conventions China
  • Meetings & Conventions Asia
  • Meeting News
  • Successful Meetings
  • Incentive
  • SportsTravel

  • Data Products
  • Agent Studio
  • AXUS Travel App
  • Intelliguide
  • travel42
Northstar Travel Group
Copyright ©2020 Northstar Travel Media, LLC. All rights reserved.    100 Lighting Way Secaucus, NJ 07094-3626 USA | Telephone: (201) 902-2000
RRManagement rrtestprocurement