Email the editor

CI Capital Partners acquires AlliedPRA

AlliedPRA management team to continue running company but further details of transaction remain undisclosed

Pictured: Tony Lorenz, chief executive officer of AlliedPRA

A New York-based private equity firm, CI Capital Partners, has acquired destination management company AlliedPRA.

Details of the transaction have not been revealed, but the two organisations say the management team of AlliedPRA will continue to lead the company.

Tony Lorenz, chief executive officer of AlliedPRA, said: "Since its founding over 30 years ago, AlliedPRA has become the leading destination management company in the United States. Together with CI Capital, we believe there is an opportunity to extend AlliedPRA's scale and scope, creating more value for our customers in this critical area."

Timothy Hall, managing director, CI Capital, added: "AlliedPRA is an impressive business, which we believe is well-positioned to consolidate the fragmented destination management industry. We look forward to working with Tony and his team to execute their plan for AlliedPRA and help shape the future of this industry."

Facebook Share Twitter Share LinkeIn Share