TripActions Buys Reed & Mackay for ‘White Gloves’ Travel Service

TripActions Inc., a corporate travel and expense management company, has acquired London-based Reed & Mackay Travel Ltd. to add a specialist in high-end corporate clients amid early signs of a recovery in business demand. Terms of the deal weren’t disclosed.

The combined companies will have $5 billion in corporate travel budgets under management, with more than 5,000 customers. TripActions, based in Palo Alto, California, bought Reed & Mackay to secure its expertise in providing “truly bespoke hands on, high touch, white gloves service” for corporate officers, board members and VIPs, Danny Finkel, TripActions chief commercial officer, said in an interview.