This issue will take you around the world and back again. First, I invite you to take a virtual tour of the United States with ACG’s new Growth Economy data, which reveals the effect private
equity has on the sales and job growth of middle-market companies.
As you’ll see when you visit GrowthEconomy.org, you can sort the data
by state, metro area and congressional district. And any way you slice
it, the data underscores the fact that middle-market companies are the
leading engines of growth—and that private capital investment is
A journey of another kind is the third annual EuroGrowth®
conference—ACG’s two-day networking event for anyone in the middle-market M&A community interested in global dealmaking. EuroGrowth
will be held Nov. 16-17 at Amsterdam’s Mövenpick Hotel. You can
register and find more details about this exciting event here.
Travel is an integral part of the job for many ACG members, as it is
for millions of corporate executives, salespeople and others. But the
travel industry also represents an M&A opportunity, as highlighted by our lead story on Direct Travel Inc., a
portfolio company of Evanston, Illinois-based private equity firm Silver Oak Services Partners.
Direct Travel is using a roll-up strategy to consolidate the still highly fragmented corporate travel services
market, made up of those businesses that help midsize companies with everything from reservations to
event planning at their destination. In a world that has seen the advent of disruptive travel tools such as
Uber and Airbnb, it’s no surprise that technology plays an important role in this company’s story.
As our Quick Takes feature on medical tourism reveals, a rapidly growing industry is helping patients
plan trips for medical procedures outside their local regions. And when it comes to travel planning, many
trips start with the popular website Tripping.com, the largest search engine for booking vacation rentals.
The brains behind this site offers some interesting insights, as outlined in B-Side.
As sharing plays a greater role in where we stay and how we travel, private equity firms, too, are turning
to sharing in hopes of fostering the exchange of best practices among portfolio companies, as detailed in our
second feature story.
Just as a journey of a thousand miles begins with a single step, your journey to all these stories and more
begins with a single click. So find yourself a hammock, kick back and make Middle Market Growth part of
your summer reading list! //
Journey to the Middle Market