RUTHERFORD, N.J., Aug 29 (Bernama-BUSINESS WIRE) — Northstar Travel Group (“Northstar”), a leading B2B travel industry events, media and information services company, today announced that JTB Corp. (“JTB”), one of Japan’s leading travel solutions providers, has signed a definitive agreement to acquire Northstar from investment funds managed by EagleTree Capital and its co-investors. As part of the transaction, Northstar will operate as a wholly-owned, independent subsidiary of JTB and will continue to be led by its existing management team, including Chief Executive Officer Jason Young. Terms of the transaction were not disclosed.
Northstar operates iconic B2B travel event, media, and market intelligence brands like Travel Weekly, Business Travel News, ALIS, The Meetings Show, and Phocuswright. Through these platforms, Northstar connects a global audience of more than one million professional travel buyers, who shape and drive the travel industry, with more than 1,500 supplier customers seeking to engage them.