Reed & Mackay acquires Hillgate Travel
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Corporate travel company Reed & Mackay has acquired rival Hillgate Travel in a private equity-backed deal which propels the combined business into the UK travel management company (TMC) top-10.
Reed & Mackay’s acquisition of Hillgate for an undisclosed sum was announced on Tuesday.
The combined business will handle more than one million corporate travel transactions a year in the UK alone, with a UK staff of about 600 and UK turnover approaching £500 million.
Hillgate Travel is an Advantage Travel Partnership member and has been headed by chief executive Anthony Rissbrook since September 2011.
Reed & Mackay has expanded globally since its acquisition by private equity firm Inflexion in a deal which valued the business at £170 million in August 2016.
The company, headed by chief executive Fred Stratford, acquired Chicago-based Gray’s Travel Management for an undisclosed sum in January 2017.
It took a stake in German TMC Moll Travel, based in Frankfurt, in April last year and it acquired French corporate travel firm Frequent Flyer Travel Paris last December.
In between these acquisitions, the company announced the creation of a global partnership with TMCs across Europe, in India and the Americas.
Reed & Mackay recently opened an office in Singapore to add to offices in the US and Dubai.
Stratford said: “There is a passion for service at the heart of both businesses that makes this a very natural fit. Together we will be even stronger.”
Rissbrook said: “Both Hillgate and Reed & Mackay have invested heavily in our client-facing technology.
“We are excited about the opportunity to bring together the best features from both platforms, accelerating our delivery of industry-leading technology to clients.”
Jeremy Bull, Hillgate chairman, added: “The investment that Reed & Mackay has made in their wholly owned presence across the globe and in their international partnership will bring great benefit to our client base.”
Reed & Mackay has enjoyed private equity backing since 2005 when Livingbridge took a stake and was joined by ECI Partners in 2011.
Its private equity backer Inflexion previously held a controlling stake in online travel agent On the Beach, which floated in 2015, and retains investments in travel technology firm ATCORE and luxury tour operator Scott Dunn.
Privately-owned Hillgate Travel was advised on the deal by GCA Altium.
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Posted by Phil Davies on Jan 22nd, 2014 at 10:35
Hillgate Travel appoints online travel and expense solutions manager
James Amos has joined Hillgate Travel as online travel and expense solutions manager.
“James will provide strategic guidance and support to ensure that new and existing Hillgate Travel customers are able to optimise the cost and time saving efficiencies that our online travel technology creates.”
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HILLGATE TRAVEL LIMITED
Company number 01678876
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Next accounts made up to 31 March 2022 due by 31 December 2022
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Next statement date 31 August 2022 due by 14 September 2022
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Trans-Siberian Railway Prices
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Home » Prices and Trans-Siberian Tickets » Trans-Siberian Railway Prices
Ticket prices for the Trans-Siberian Railway also depend on the current ruble exchange rate.
Is the Trans-Siberian Railway expensive?
Before starting on your Trans-Siberian Railway adventure you naturally want to know what the entire trip will cost. Although this sounds like a simple question, it is pretty difficult to answer. The Trans-Siberian Railway price of travel depends on the following factors:
- Which travel class do I want to use? The price for a first class ticket is about three times the price of a 3rd class ticket
- Am I willing to buy the tickets myself and assume responsibility for the organisation of the trip?
- How many stopovers do I want to make? The more breaks, the higher the total price.
- What sort of accommodation do I want? Will it be a luxury hotel or will a hostel dormitory be sufficient?
- What tours and excursions would I like to go on?
- What is the current exchange rate for rubles?
Basically, everything from a luxury to a budget holiday is available. If you buy yourself a 3rd Class nonstop ticket at the counter, a few hundred Euros will cover the price. All you will experience is a week on the Trans-Siberian train and will see nothing of the cities on the way. There is, however, any amount of room for upward expansion. Everyone makes different choices about which aspects they are willing to spend money on. I personally prefer to save money on accommodation and railcar class, visit as many cities and do as many trips as possible. To enable better classification of your travel expenses I have contrasted two typical traveler types. In the third column you can calculate the total cost of your own journey on the Trans-Siberian Railway. Please keep in mind that these are only rough estimations and not exact prices.
The all-in costs seem fairly high at first. However, they cover everything and it is quite a long journey taking four weeks. Many people forget to consider that when looking at the list. We should also deduct the running costs for food and leisure at home. I think most visitors to this page will classify themselves somewhere between the two categories, that is around the € 2,000 – € 2,500 range. When comparing these prices with other travel packages, you get the impression that it is hardly worthwhile travelling individually on the Trans-Siberian Railway. Please keep in mind that most packages last no more than 14 days and you are herded like cattle through the most beautiful locations.
If you spend less time on the Trans-Siberian Railway you will, of course, pay less. I chose this particular travel length because I prefer not to do things by halves. If you fulfill your dream of travelling on the Trans-Siberian Railway, enjoy it and don’t rush things. But it’s up to you, of course. Try playing around with the form a bit to find the appropriate price for your trip.
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Hillgate Travel joins Reed & Mackay. May 29, 2018. We are thrilled to announce that today we take extraordinary service to new heights as we join forces with Hillgate Travel. We have a lot in common. Amazing people, first class service, industry leading technology built in house and an absolute belief that the client sits at the heart of the ...
U.K. travel management company Reed & Mackay acquired London's Hillgate Travel on May 25. Like Reed & Mackay, Hillgate is in growth mode and has focused on client-facing technology, according to Reed & Mackay. Hillgate will work with Reed & Mackay's own global partnership once Hillgate's contract with GlobalStar Travel Management ends. Reed & Mackay could not immediately disclose what will ...
Hillgate Travel is an Advantage Travel Partnership member and has been headed by chief executive Anthony Rissbrook since September 2011. Reed & Mackay has expanded globally since its acquisition by private equity firm Inflexion in a deal which valued the business at £170 million in August 2016.
Headquartered in London, Hillgate became GlobalStar's second U.K. member, following Chambers Travel Management, which joined in August after Advanced Travel Partner resigned from the group. According to GlobalStar, Hillgate has 185 employees and US$200 million in annual turnover, and is connected to the Sabre global distribution system.
Hillgate Travel is a leading independent travel management company with over 30 years' experience. Exceptional service and a total focus on the customer sets them apart.
Hillgate Travel General Information Description. Provider of corporate travel management services and technology. The company provides a full range of in-house local & global travel management programs that combine high touch service and innovative technology which ensures easy booking at competitive rates, manages compliance and delivers strategic insight & forecasts, enabling clients to ...
/PRNewswire/ -- International Travel Management Company, Reed & Mackay, joins forces with Hillgate Travel. (Logo:...
Hillgate Travel provides premium travel management services to a range of corporate clients, with a particular strength in the financial services sector. Combining the two businesses will accelerate the evolution of the group's suite of industry leading technology and deliver unrivalled service to customers across a wide range of sectors and ...
Hillgate Travel provides travel management services to corporate clients, with a particular strength in the financial services sector. The deal follows Reed & Mackay's expansion into France, Germany, the US and Singapore. The business has also invested in its online booking service, which includes an online banking tool to help customers ...
SECTIONS. Transportation; Lodging; Payment & Expense; Technology; Distribution; Meetings; Global; Management; Travel Procurement; New! Sustainability; Recent Issues
Business travel agency Hillgate Travel has been bought by international travel management company Reed & Mackay. The addition takes Reed & MacKay's global turnover over £600 million.
Hillgate Travel provides travel management services to corporate clients, with a particular strength in the financial services sector. For the last 30 years it has built a reputation for made-to-measure services for its clients. With both businesses in growth phase, this move will see the combined business accelerate, particularly across key ...
Ropes & Gray has advised Reed Mackay, an international travel management company, on its acquisition of Hillgate Travel, a leading UK-based travel management company. The financial terms of the deal have not been disclosed. The deal takes Reed & Mackay's global turnover past the £600m mark. With both businesses in growth phase, the ...
Hillgate Travel is to unveil a new online tool which combines travel booking with automated expense management. The TMC has teamed up expenses specialist Concur to create Gateway with Concur Expense which will be officially launched at the Business Travel Show in London on February 5-6.. Hillgate said that the new integrated tool would "enable companies to gain greater control over their ...
Hillgate managing director Anthony Rissbrook said: "James is a very important addition to the Hillgate Travel team. His experience and in-depth knowledge of both the travel industry and online booking tools will be of great value to our company and our customers.
People-powered 24hr assistance. Our dedicated team of experts can save you time, money and hassle, while getting you from A to B as safely and sustainably as possible. Enjoy the convenience of having all your latest plans at your fingertips, updated in real time, with our intuitive technology and first class service. Speak to an expert.
The rumblings through the spring and summer of 2008 from the fall out of the sub-prime loans crisis had already claimed one major client of Hillgate Travel when Bear Stearns collapsed and was bought for a song by JP Morgan. But it was the crash of Lehman Brothers on September 15, 2008 which really brought the enormity of the crisis home.
HILLGATE TRAVEL PUBLIC LIMITED COMPANY. 21 Dec 2010 - 21 Dec 2010. HILLGATE TRAVEL (LONDON) PUBLIC LIMITED COMPANY. 17 Nov 1982 - 21 Dec 2010. HILLGATE TRAVEL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity.
When comparing these prices with other travel packages, you get the impression that it is hardly worthwhile travelling individually on the Trans-Siberian Railway. Please keep in mind that most packages last no more than 14 days and you are herded like cattle through the most beautiful locations.
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