financeSkift··1 min·For: Owner, Investor, Revenue
Lindblad Buys White Desert Stake for $69M
Lindblad Expeditions has acquired a 60% stake in luxury polar travel operators White Desert and Echo Charlie for $69 million. The cash-funded deal marks Lindblad's largest acquisition to date as it expands its land-based expedition portfolio.
Key Takeaways
- 1Lindblad acquired a 60% stake in luxury Antarctic brands White Desert and Echo Charlie for $69 million.
- 2Founder Patrick Woodhead will remain in leadership roles and advise Lindblad on strategic innovation.
- 3The transaction was funded entirely with cash from Lindblad's $350 million balance sheet reserves.
Source: Skift
Keep reading
Our reporting
More in finance