Lindblad Buys 80% Stake In Classic Journeys

Lindblad Expeditions Holdings, Inc. (LIND), an operator of cruise ships, on Tuesday said it acquired an 80 percent stake in Classic Journeys, LLC, a provider of tour services.

The latest acquisition further broadens and deepens Lindblad's platform of high-quality experiential product offerings in robust adventure travel sectors, including the cultural walking tour market, the acquirer said in a statement.

Lindblad is expected to leverage its experience and resources to accelerate the growth of Classic Journeys and capitalize on the growing demand for authentic and immersive adventure travel and wellness around the world.

Dolf Berle, Chief Executive Officer, commented: "…As we further leverage our platform to cross market across our brands and accelerate growth across our entire expanded portfolio, we will continue to look for additional opportunities to broaden and deepen our adventure travel offerings and provide more value to our guests."

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