Amber Road established in 1983 as TD Travel has over 34 years’ experience in corporate and business travel management. In 2018 following the acquisition by Endless the business was re-branded as Amber Road Travel.
In 2017 PPCF advised Endless on the acquisition of Amber Road from mid-market private equity house LDC. PPCF have been engaged as retained adviser to the business throughout the period of Endless ownership.
PPCF led the sale process of behalf on Endless which resulted in the business being acquired by the Gray Dawes Group. The acquisition provides a good exit for Endless and a good home for the Amber Road business, its clients and its employees within a much larger travel management group.
For Gray Dawes the acquisition of Amber Road reinforces Gray Dawes Group’s presence in the North of the country following the acquisition of Manchester based INC. Travel earlier in 2019. It also provides additional volumes, in a sector that relies on critical mass and transaction volumes to drive supplier deals, sector fees and ancillary income to deliver improved EBITDA performance.