Mergers & Acquisitions

Direct Travel Acquired by Investor Group Led by Steve Singh

5875 Direct Travel NT SP

M&A Engagement Overview

Industry Groups: Business Services, Consumer
Areas of Focus: Professional Services, Tech-Enabled Services, Travel and Hospitality


Harris Williams served as the exclusive financial advisor to Direct Travel on their sale to Steve Singh, founder of travel and expense management company Concur, joined by Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners, and Blackstone Credit & Insurance. Direct Travel is a leading provider of corporate travel management services. Singh will serve as executive chairman of the company.

Investors recognized Direct Travel’s unique value proposition combining white-glove service and an advanced technology suite to manage a highly complex business process for a diverse set of mid-market and enterprise clients. The company’s scale, attractive client base, and deep supplier relationships built across decades of leadership cemented Direct Travel as an asset-of-one in the corporate travel management sector.


Direct Travel is a differentiated travel management company offering the benefits, technology, and diverse offerings of a mega-agency with the personalized service levels and client relationships of a local provider. The company is a critical partner to their international client base, as they successfully manage and execute the highly complex travel needs of the businesses they serve. 


Durable Capital and the investor group will help Direct Travel unlock new phases of customer experience and growth through a heightened focus on technology and digital transformation.

Contact the Harris Williams Business Services Group or Consumer Group to learn more about this transaction.