Duke Street-backed Great Rail Journeys buys Vacations By Rail

The founder and management team of VBR will both acquire a minority stake in the enlarged group.

The bolt-on comes just over a year after Duke Street acquired GRJ in a secondary buyout from ECI Partners.

GRJ had already opened a New York Office under ECI's ownership and expanded its sales activity in both the US and Australia.

VBR already markets some GRJ tours to an American audience and the acquisition is expected to boost these synergies.

Company
VBR was founded in 2004 and is headquartered in Chicago, Illinois. It is the largest independent, US-based provider of escorted and independent rail holidays. Most of its holidays are in the US and Canada.

People
Great Rail Journeys – Peter Liney (CEO).
Vacations By Rail – Todd Powell (co-founder).

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