#USA #Scottsdale #Arrivia #Oaktree Capital #Travel Loyalty

Arrivia Transitions to New Ownership Structure

Arrivia, a prominent name in the travel technology and loyalty sector, has recently finalized a major transaction that positions it under new ownership led by a consortium of institutional investors, spearheaded by Oaktree Capital Management, L.P. This move not only marks a significant milestone in Arrivia's journey but also lays the groundwork for further innovation and expansion within the travel industry.

A New Era for Arrivia

With over 25 years of experience, Arrivia has established itself as a powerful player in the travel loyalty arena, providing services to some of the most respected names in the travel and financial sectors. The decision to transfer ownership to a consortium reflects the company's commitment to enhancing its operational capabilities and strategic initiatives, aimed at solidifying its standing as the world’s largest independent travel loyalty firm.

David Nicoll, a managing director at Oaktree, expressed optimism about the partnership, stating, "We are honored to support Arrivia and its management team during its next growth phase. Arrivia has an outstanding 25+ year reputation and a dedicated team. We are committed to supporting its continued growth and delivering greater value to its customers, employees, and partners."

The consortium’s backing is set to empower Arrivia in various areas, particularly by driving innovation and enhancing partnerships while also investing significantly in technology. These endeavors are poised to reinforce Arrivia's competitive edge in the travel loyalty landscape, ensuring it remains at the forefront of the industry.

CEO's Vision for the Future

Mike Nelson, CEO of Arrivia, shared his enthusiasm about the new ownership structure, commenting, "Today marks an exciting milestone for Arrivia. We are confident that the new owners' support and resources will propel us to new heights. We thank our team members, customers, and partners for their unwavering support and look forward to an even brighter future."

This transition not only opens doors for Arrivia's growth trajectory but also places it in a strategic position to capitalize on emerging opportunities within the travel sector. The additional resources and expertise brought in by Oaktree and the consortium are expected to enhance Arrivia's service offerings, ultimately benefiting its clientele.

Industry Partnerships and Trust

Throughout its tenure, Arrivia has served a plethora of esteemed brands, including American Express®, USAA®, T-Mobile®, and Marriott Vacation Clubs®. By leveraging its innovative travel privileges technology platform, Arrivia has facilitated effective loyalty and rewards programs that instill trust and engagement among travelers.

The company's robust platform integrates travel loyalty management with marketing solutions that not only enhance customer satisfaction but also stimulate growth through enticing travel rewards and benefits tailored to high-value customers. This meticulous approach has positioned Arrivia as a trusted partner for significant players in the global travel and hospitality industries.

Conclusion

As Arrivia embarks on this new chapter, the transition in ownership symbolizes more than just a corporate change; it represents an opportunity to envision a future rich with possibilities for growth, innovation, and superior service to customers. The commitment from the consortium to nurture Arrivia’s legacy while pushing the boundaries of excellence in travel loyalty is set to deliver significant value to various stakeholders in the long run. For more insights on Arrivia's offerings and to understand how it can drive growth for your business, visit arrivia.com.