Silver Oak Services Partners announced its recapitalization of Mahwah, New Jersey-based Directravel in partnership with management and co-investors.
Directravel is a leading provider of outsourced corporate travel management solutions. The Company helps clients achieve lower corporate travel spend via the design, implementation and management of travel policies while offering employees a better travel experience. Directravel operates out of five offices across the country including New York; Mahwah, New Jersey; Chicago; San Francisco and Scranton, Pennsylvania.
Silver Oak is partnering with Ed Adams, a highly successful and seasoned veteran of the corporate travel management industry. Ed previously built Navigant International, Inc. from a single location to an international corporate travel management company with 600 on-site offices and 120 regional and branch offices managing over $4 billion in annual bookings. “Directravel provides a great foundation for building the next national provider of corporate travel management services. Directravel’s proven ability to serve middle market customers with exceptional customer service is a reputation that we look to maintain and build on as we grow. I look forward to working with the Directravel team to further grow the business by embracing more cost-effective automated processes, expanding on the Company’s national network, and offering additional value-added resources to our customers,” said Ed.
“Directravel is a market leader when it comes to managing corporate travel costs for the high-touch customers in the middle market. We look forward to working with management in identifying potential add-on opportunities while continuing to grow the business organically,” said Dan Gill, Managing Partner of Silver Oak.
Please contact Dan Gill or Dave Bornhoeft 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