Northstar Travel Group, the parent company of Northstar Meetings Group, which owns The Meetings Show and M&IT, has been sold to Japan’s JTB Corporation.
The Japanese travel solutions provider has acquired Northstar from investment funds managed by EagleTree Capital and its co-investors for an undisclosed amount.
As part of the transaction, Northstar will operate as a wholly owned, independent subsidiary of JTB and will continue to be led by its existing management team, including Chief Executive Officer, Jason Young.
In addition to The Meetings Show and M&IT, Northstar operates other B2B travel event, media, and market intelligence brands like Travel Weekly, Business Travel News, and Phocuswright. Through these platforms, Northstar connects a global audience of over one million professional travel buyers, who shape and drive the travel industry.
“We are thrilled to partner with JTB as we enter the next phase of our company’s incredible history,” said Young. “Our shared commitment to the travel industry, cultural alignment, and collective expertise – combined with the opportunity to accelerate Northstar’s geographic expansion in the Asia Pacific region – will enhance our ability to deliver value to our audiences and customers as we advance our mission.”
The deal is expected to be completed in September, subject to customary closing conditions, including regulatory approvals.