TBO has completed the acquisition of US based Classic Vacations from Phoenix-based investment firm, The Najafi Companies. The total consideration for the acquisition was $125Mn, including closing adjustments. TBO had earlier announced, on 2nd September, that it had entered into a definitive agreement to acquire Classic Vacation.
Classic Vacations will continue to operate as an independent brand under its existing leadership team, led by CEO Melissa Krueger, carrying forward its five-decade legacy of trusted advisor and supplier relationships in the U.S. luxury travel market. With the backing of TBO’s advanced technology platform, worldwide inventory, and expansive distribution network, Classic will be able to scale faster, broaden its offerings, and deliver even greater value to its community of more than 10,000 travel advisors and their customers.
The acquisition marks a natural step in TBO’s strategic vision of becoming one of the largest Global trave— accelerating growth, deepening engagement, and unlocking sustained long-term value through larger and more connected buyer–supplier ecosystems Effective, 1st October 2025, Classic Vacations will operate as a material step-down subsidiary of TBO Tek Ltd.
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