Lindblad Expeditions Acquires Majority Stakes in DuVine Cycling + Adventure Co. and Off the Beaten Path

Hornblower Group Acquires Journey Beyond

February 15, 2022

Restaurants & Hospitality

Hornblower Group has acquired Australian experiential travel operator Journey Beyond, expanding Hornblower's portfolio of travel experiences and strengthening its presence in Australia. Journey Beyond—headquartered in Adelaide and owner of multiple iconic trains, tours, lodges and marine operations—will join Hornblower's global offerings to deepen its capabilities in luxury and experiential tourism.

TriWest and Roynat Partner to Form Outdoor Adventure Group, Acquiring Northern Lite and Off Grid

September 21, 2022

Manufacturing

TriWest Capital Partners, alongside Roynat Equity Partners with financing support from Export Development Canada, has partnered with Northern Lite Truck Campers and Off Grid Trailers to form Outdoor Adventure Group, acquiring both businesses from KV Private Equity. The deal creates a Canadian platform consolidating two niche recreational vehicle brands to support growth across dealer and direct-to-consumer channels in North America.

Expedition:Earth Acquires EXPLORE, Inc.

February 12, 2026

Restaurants & Hospitality

Expedition:Earth, a new Texas-based multi-brand operator, announced a strategic investment to acquire EXPLORE, Inc., a Steamboat Springs, Colorado-based luxury tour operator specializing in custom travel throughout Africa and select global destinations. Providence Investment Partners provided debt and equity financing to support the transaction, which serves as Expedition:Earth's inaugural platform acquisition under its buy-and-build growth strategy to expand capabilities, distribution and technology while preserving EXPLORE's founder-led culture.

onX Acquires Adventure Projects, Inc.

December 30, 2020

Software

onX, the outdoor GPS mapping and navigation company, has acquired Adventure Projects, Inc., the operator of community-driven outdoor guide sites and mobile apps (including Mountain Project, MTB Project, Hiking Project, Powder Project, and Trail Run Project). onX said it will continue to work with Adventure Projects' contributors and CEO Nick Wilder while integrating their guide content and communities into onX's mapping products to enhance outdoor discovery and access.

Hillebrand Acquires Majority Stake in VignoblExport

May 6, 2021

Logistics & Distribution

Hillebrand has acquired a majority stake in VignoblExport, a French provider of small-quantity logistics and proprietary digital solutions for alcoholic beverages. The deal is intended to strengthen Hillebrand’s small-quantity logistics capability and accelerate its e-commerce and direct-to-consumer services globally; Hillebrand holds an option to acquire the remaining shares.

Red Ventures Acquires Lonely Planet

December 1, 2020

Media & Entertainment

Red Ventures has acquired Lonely Planet from NC2 Media for an undisclosed amount. The deal brings the iconic travel guidebook and digital travel media brand into Red Ventures' travel portfolio to accelerate Lonely Planet's digital transformation and create end-to-end consumer travel experiences.