Reed & MacKay Is Acquired By TripActions

Technology & Services

Reed & MacKay, a portfolio company of Inflexion, acquisiton by TripActions


Summary

Reed & Mackay (the “Company”), a portfolio company of Inflexion Private Equity Partners LLP was recently acquired by TripActions. Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to Reed & Mackay on this transaction.

About

Founded over 50 years ago, Reed & Mackay delivers corporate travel management across the globe for professionals primarily within finance, legal and insurance industries. The Company combines inspired service with state-of-the-art technology to create an elite level of travel management that delivers outsized value beyond client expectations. Reed & Mackay will retain its premium brand, experienced employees, and high-touch tailored service for its clients across more than 40 markets. Together, the group will partner to deliver a corporate travel and spend management solution for any company of any size around the globe. The acquisition accelerates TripActions’ expansion into corporate travel, fueled by a recent $155 million in funding and international growth, and couples the user and technology-first corporate travel and spend management solutions of TripActions with Reed & Mackay’s comprehensive service offering. The Company is headquartered in London, the United Kingdom.

Inflexion Private Equity Partners LLP is a private equity firm specializing in investments in growth capital, acquisitions and buyouts of small to lower middle market growth businesses. It also seeks to invest in family and founder-owned businesses. Inflexion primarily invests in companies based in the United Kingdom and that operate in expanding markets.

TripActions is the modern business travel platform that combines the latest AI-driven technologies with unrivaled flight, lodging and rental car inventory and global “24/7, 365” proactive live travel agents to delight employees, finance leaders and travel managers alike—all while empowering organizations to seize travel as a strategic lever for growth. With over 4,000 clients globally, TripActions is one of the leading corporate travel management and payments platforms. TripActions is headquartered in Palo Alto, California.
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Technology & Services

Reed & MacKay, a portfolio company of Inflexion, acquisiton by TripActions

Date
May 2021
Company
Reed & Mackay
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Business Process Outsourcing
Human Capital Technology & Solutions
Travel, Leisure & Hospitality
Target Location
Europe
Acquiror Location
North America

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