Opinion Southlake's Sabre to acquire Trust Group for $154 million

Southlake’s Sabre to acquire Trust Group for $154 million

Other News

A look at big issues on Supreme Court’s agenda

Some of the issues either already on the Supreme Court's docket when it begins its new session or likely to be before...

Wall Street posts solid gains after surge in corporate deals

By ALEX VEIGA and DAMIAN J. TROISE AP Business Writers Wall Street kicked off the week with a broad...

Tarrant County ranks low in work-from-home study by NAR

North Texas ranks pretty high in the “Work from Home” category, according to a just-released study by the National Association of Realtors....

Commentary: Universities and COVID-19: Charting turbulent times

Ray Perryman As the COVID-19 pandemic emerged this spring, college campuses across the United States swiftly sent students...
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Southlake-based Sabre Corp. announced today it has entered into a definitive agreement to acquire the Trust Group of Companies, a central reservations, revenue management and hotel marketing provider with a presence in Europe, Middle East, Africa and the Asia Pacific area. The acquisition will include Trust International, InnLink and Nexus.

“Acquiring the Trust Group is consistent with our stated goal of building on Sabre Hospitality Solutions’ global leadership position, and this combination will enable us to grow faster,” said Tom Klein, president and chief executive officer of Sabre. “The Trust Group is one of the industry’s most respected brands, and our customers will benefit from our combined expertise and focus on innovation.”

According to a Sabre news release, acquiring The Trust Group will make the company the largest central reservations system provider to hotel.

Sabre is purchasing the hospitality distribution solutions company for $154 million from Battery Ventures, an investment firm. The acquisition is expected to contribute approximately $40 million of incremental revenue to Sabre in 2016 and to be accretive to Sabre’s Adjusted EBITDA and neutral to its Adjusted EPS, assuming a first quarter 2016 closing date.

- Advertisements -

Sabre trades on the NASDAQ under the symbol SABR. The stock was up 3 percent at midday following the acquisition announcement.

Latest News

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

By KIM TONG-HYUNG and HYUNG-JIN KIM Associated PressSEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the...

Profit, revenue slump at Union Pacific, but volume improves

By JOSH FUNK AP Business WriterOMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of...

American, Southwest, Alaska add to airline loss parade in 3Q

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Airlines are piling up billions of dollars in additional losses...

Tesla posts net profit for fifth straight quarter

By TOM KRISHER AP Auto WriterDETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post...

How Google evolved from ‘cuddly’ startup to antitrust target

By MICHAEL LIEDTKE AP Technology Writer SAN RAMON, Calif. (AP) — In Google's infancy, co-founders Larry Page and Sergey...