MMGY Global, an integrated marketing firm that specializes in travel, tourism and hospitality, has been acquired by EagleTree Capital, a private equity firm that also owns Northstar Meetings Group, and several partners.
MMGY Global’s management team will remain in place, and CEO Katie Briscoe will continue to lead the company. Executive chairman and former CEO Clayton Reid will continue to serve on the board of directors. Terms of the transaction were not disclosed.
EagleTree has decades of experience investing in marketing and travel-related businesses, including Northstar Travel Group, the leading B2B marketing services company dedicated to the global travel and meetings industries, and PRA, a leading events management company.
“Our partnership with EagleTree will allow the company to embark on the next chapter of our global strategy, broadening our geographic reach, cultivating top-notch talent, and designing innovative products and services for our clients like never before,” said Briscoe. “EagleTree’s experience with marketing services and travel companies complements MMGY Global, and aligns with our commitment to delivering industry-leading marketing services on a global scale to many of the preeminent destinations and companies in the travel sector.”
“We are deeply impressed with MMGY Global’s data-driven approach to travel marketing and PR,” said EagleTree senior partner Michael Struble. “Katie, Clayton and the entire team have built an impressive platform that is helping evolve the face of travel. We look forward to working with them to help expand the business to its full, global potential."
“MMGY Global sits at the cross section of EagleTree’s investment focus on marketing services and travel,” added EagleTree comanaging partner Anup Bagaria. “We are excited about being able to draw on multiple past successful investments in both marketing services and travel to add value and accelerate the company’s growth.”
With the support of Peninsula Capital Partners, MMGY Global has quadrupled in size since 2016 — completing 11 acquisitions and attracting several high-profile clients, such as industry leaders Visit California, Costa Rica Tourism, Pure Michigan, Singapore Airlines, Windstar Cruises and Brand USA. Today, the company has more than 600 employees in 14 offices worldwide.
“Over the past seven years, MMGY Global has transformed the world of travel marketing,” said Reid. “The entire team and I are thankful for the support of Peninsula Capital Partners and tremendously grateful for their belief in us.”
