Entire Travel Group has secured a new stakeholder with Consolidated Travel Group (CTG) acquiring 40 per cent of the business from joint owners, Managing Director Brad McDonnell and Sales & Marketing Director Greg McCallum, providing a strong foundation for growth in its destinations, products and services.
The move will also see CTG Executive Ari Magoutis join the Entire Travel Group Board.
McDonnell said the decision to invest in the company brings two long-established, like-minded, Australian family-owned businesses together.
“Given the respect we have for CTG and its management team, we were delighted to explore partnership opportunities,” McDonnell said.
“I have no doubt that Ari’s insights and expertise, gained during a long and distinguished career across the retail and consolidation sectors, will add enormous value to Entire Travel Group.
“This arrangement unlocks further opportunities for investment in areas such as product, destinations, distribution, technology and events.
“Ultimately, it allows Entire Travel Group to continue exploring new ways to better support our trade partners – in that sense, it’s very much business as usual.”
CTG Managing Director Dennis Alysandratos also welcomed the partnership and is equally excited about working closely with ETG.
“Entire Travel Group is a business we have long admired and respected. The company’s trade-friendly approach, along with its innovative technology and marketplace integrity, is something that appealed to us and we see these qualities completely aligning with CTG’s core values,” he said.
“The Group has also grown in size and stature in recent years as Brad and Greg astutely evolved their product and service offerings while maintaining the highest levels of customer service.
“We share and support their vision for the company and look forward to contributing to Entire Travel Group’s long-term success.”
Find out more at entiretravel.com.au
