Steve Singh and Renowned Group of Investors Acquire Leading Travel Management Company, Direct Travel
DENVER, April 2, 2024 /PRNewswire/ -- Direct Travel, Inc., a market leader in corporate travel management, today announced its acquisition by Steve Singh, prominent venture capitalist and founder of the world's largest travel and expense management company, Concur, joined by leading growth investors including Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners, and Blackstone Credit & Insurance. Singh will serve as Executive Chairman of Direct Travel, and Christal Bemont will assume the role of CEO.
- Singh will serve as Executive Chairman of Direct Travel, and Christal Bemont will assume the role of CEO.
- Consistently ranked on Travel Weekly's annual Power List, Direct Travel is one of the world's largest travel management companies, serving over 4,500 mid-market and enterprise clients.
- Direct Travel has built a reputation as a world class travel management company that delivers an unparalleled client experience.
- We are delighted to invest in and partner deeply with what we believe will be the market leading travel management company," said Steve Singh, Executive Chairman, Direct Travel.