TTC Announces Sale to Apollo Funds: A New Chapter for Industry-Leading Brands

Apollo Funds to Acquire TTC, Leading Travel Company with 18 Brands

In a strategic move to ensure the continued success and growth of the company, TTC (The Travel Corporation) has announced that it will be acquired by Apollo Funds. TTC, which boasts 18 brands including Trafalgar, Uniworld Boutique River Cruises, Contiki, and Insight Vacations, has been a leader in the travel industry for over a century.

TTC chair Brett Tollman expressed confidence in the decision, stating, “Without a next generation to lead TTC, the time has come in our strategic succession plan to select a new owner with a proven track record and who shares in our vision and customer-first values.” Apollo private equity partner Michele Raba also shared excitement about the acquisition, noting, “TTC has a leading collection of brands that we believe we can take to the next level as an Apollo Funds portfolio company.”

Apollo Funds, known for its investments in the travel, tech, and hospitality sectors, has a strong track record in the industry. The acquisition of TTC adds to Apollo’s portfolio, which includes Norwegian Cruise Lines, Sun Country Airlines, and Diamond Resorts. The transaction is expected to be finalized by the end of the year, pending due diligence.

Founded in 1920 in South Africa, TTC has continued to evolve and expand its offerings over the years. In 2022, the company consolidated several of its brands under a new division in the UK, with a focus on enhancing agent service. Additionally, TTC combined its offices in the UK, Ireland, Europe, and South Africa to create a new EMEA region, further solidifying its presence in the global travel market.

With Apollo Funds at the helm, TTC is poised for a new chapter of growth and innovation. The acquisition marks a significant milestone for both companies and sets the stage for continued success in the travel industry.