Direct Travel, A Portfolio Company of Silver Oak Services Partners, Completes Add-on Acquisition

Aug. 26, 2014 -Portfolio Company News

Direct Travel, Inc. (“Direct Travel”), a portfolio company of Silver Oak Service Partners LLC, announced that is has acquired Hurley Travel Experts (“Hurley”).

Founded in 1993 by Pamela Hurley-Moser, Hurley Travel Experts is a Portland, Maine based Travel Management Company with adjunct offices in Naples, Florida. Hurley Travel Experts has a volume in excess of $60 million and specializes in business travel, corporate meetings, incentive and group travel, as well as leisure travel services. One of the nation’s fastest growing, woman-owned Travel Management Companies in the U.S., Hurley Travel Experts was named one of the Best Places to Work in Maine (2011 & 2012) by the Best Companies Group.

Pamela Hurley-Moser, President and CEO notes, “We share the same personalized, approach to the business. We’re both privately owned companies that believe in an individual hands-on philosophy. Our dedication is to our clients, and I strongly believe this is a key compatibility.” She goes on to add, “Direct Travel is a clear leader in the market due to its deep industry experience, customer-focused service platform and implementation of emerging technologies. For our clients, becoming part of Direct Travel reinforces our unrelenting commitment to quality, service and value that has characterized our agency and people for over 20 years. As we move forward together, we will remain faithful to our core values: respect, integrity and service excellence.”

“This acquisition is yet another exciting step forward for Direct Travel,” said Ed Adams, CEO of Direct Travel. “It demonstrates our sheer determination to drive our expansion efforts through strong, strategic acquisitions.” Sam DeFranco, Regional President of Direct Travel, affirms this perspective, noting, “This partnership significantly strengthens our presence in the New England corridor, as Hurley Travel Experts brings to the table strong historical growth, and will broaden our scope considerably in this key market, complementing our overall mission to focus on the middle market customer.”

Overview of Direct Travel

Direct Travel is a leading provider of outsourced corporate travel management. The Company helps clients achieve lower corporate travel spend via management of travel policy, efficient booking, and identifying cost saving opportunities with suppliers while providing employees with a better travel experience.

Direct Travel employs over 375 travel professionals nationwide with 15 locations in Paramus, NJ; New York, NY; Baltimore, MD; Scranton, PA; Nashville, TN; Columbia, TN; Minneapolis, MN; Chicago, IL; Milwaukee, WI; San Francisco, CA; San Jose, CA; Denver, CO; Portland, ME; Naples, FL; and Greenville, SC.  Direct Travel is ranked among the top US corporate travel management firms.

Silver Oak and management continue to build the Direct Travel platform into a premier provider of corporate travel management services across the United States. The company has completed six acquisitions since its partnership with Silver Oak and continues to pursue add-on acquisitions of complementary businesses in attractive geographies.

Please contact Ed Adams of Direct Travel or Dan Gill or Andrew Gustafson of Silver Oak for additional information.

Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $3 million to $20 million.