The management of the UK-based aggregator of rail trips, SilverRail, part of Expedia Group since 2017, bought back a majority stake in the company.
Expedia Group will retain a minority piece of SilverRail, which will operate as an independent privately held company, SilverRail stated Monday. The management buyout quietly took place October 2.
“We have evolved and matured greatly within the Expedia Group family of brands,” said Aaron Gowell, CEO of SilverRail. “We have also grown into a business largely focused on our rail carrier partners, building products for their direct retail needs as well as third party distribution. We are excited about the growth of rail as a sustainable travel choice and looking forward to building on our success in this sector.
More to come
Photo Credit: London Javelin service. SilverRail
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