SECAUCUS, NJ USA — Wasserstein Partners acquired Northstar Travel Group, the leading provider of business-to-business information, content, events, data, research, custom content and software dedicated to the global travel and meeting industries, from the Wicks Group of Companies. Wasserstein Partners IV’s co-investors in this venture are Alberta Teachers’ Retirement Fund Board, John Hancock, and Storebrand Insurance.
Northstar owns well-known brands such as Travel Weekly, TravelAge West, Business Travel News, Successful Meetings, Meetings & Conventions, Travel Weekly China, Incentive, M&C China, and Web in Travel. The company produces more than 50 face-to-face events in thirteen countries in retail travel, corporate travel, travel technology and the meetings industry. In addition, Northstar owns Phocuswright, the leading research, business intelligence and event producer serving the fastest-growing segment of the travel industry, on-line travel distribution. Northstar is also the majority shareholder in Inntopia, the leading SaaS e-commerce software provider serving the mountain destination, activities, and specialty destination travel markets.
“We are excited to welcome Wasserstein as our new partner to provide the capital and investment experience to help Northstar achieve our next phase of growth, serving one of the largest and most dynamic industries in the world: global travel and tourism,” said Thomas Kemp, Chairman & CEO of Northstar Travel Group. “Wicks has been a great partner to the company and we thank them for providing guidance and insight over the last four years.” Read more:
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Thomas L. Kemp
Chairman & CEO
Northstar Travel Group, LLC