Linblad Acquires Duvine, Of The Beaten Path
Lindblad Expeditions Holdings, Inc. has acquired majority stakes in DuVine Cycling + Adventure Co. and Off the Beaten Path LLC.
The acquisitions further broaden and deepen Lindblad’s platform of high-quality experiential product offerings in robust adventure travel sectors, including the rapidly growing cycling tourism and domestic expedition market.
Similar to the acquisition of Natural Habitat, Inc., Lindblad will leverage its experience and resources to accelerate the growth of these unique and profitable businesses and capitalize on the growing demand for authentic and immersive adventure travel.
These best-in-class companies are also united by a focus on nature and sustainability, and will benefit from Lindblad’s and Natural Habitat’s scale, resources, marketing experience and conservation leadership.
DuVine is an international luxury cycling and adventure company based in Somerville, Massachusetts focused on providing immersive cultural experiences across the globe through thoughtfully designed itineraries led by expert local guides.
Andy Levine, DuVine’s founder, will retain an ownership interest in DuVine and will continue as President and Chief Executive Officer of the new Lindblad subsidiary.
Off the Beaten Path, based in Bozeman, Montana, offers active small-group and private custom journeys around the world, with a long-standing focus on U.S. National Parks.
Cory Lawrence, Off the Beaten Path’s President and Chief Executive Officer, will retain an ownership interest in Off the Beaten Path and continue in this role for the new Lindblad subsidiary.
Sven Lindblad, President and CEO of Lindblad Expeditions, said: “Bringing DuVine and Off the Beaten Path into our portfolio of brands will allow us to better serve a broader based clientele that has a diverse set of travel interests.”
Lindblad continued: “The high level of quality and integrity of both these companies makes them perfect partners in our strategy of expanding our platform of experiential offerings. Our proven ability to leverage our platform and effectively cross market creates the opportunity to accelerate growth across our entire portfolio, and we will continue to look for additional opportunities to broaden and deepen our adventure travel offerings, both organically and through acquisitions, to aggregate larger audiences and generate greater lifetime value from our loyal guests.”
